Vicus Capital Purchases 588 Shares of CrowdStrike (NASDAQ:CRWD)

Vicus Capital increased its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 85.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,277 shares of the company's stock after purchasing an additional 588 shares during the period. Vicus Capital's holdings in CrowdStrike were worth $450,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CRWD. Brighton Jones LLC increased its position in shares of CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after purchasing an additional 2,417 shares during the period. Allworth Financial LP grew its position in CrowdStrike by 33.1% in the fourth quarter. Allworth Financial LP now owns 4,910 shares of the company's stock valued at $1,856,000 after acquiring an additional 1,222 shares during the last quarter. Sierra Ocean LLC bought a new position in CrowdStrike in the fourth quarter valued at about $77,000. Americana Partners LLC grew its position in CrowdStrike by 317.6% in the fourth quarter. Americana Partners LLC now owns 4,811 shares of the company's stock valued at $1,646,000 after acquiring an additional 3,659 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in CrowdStrike by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 272,080 shares of the company's stock valued at $93,095,000 after acquiring an additional 2,603 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Down 1.8%

CRWD stock traded down $8.86 during midday trading on Friday, reaching $476.30. 5,177,773 shares of the company's stock traded hands, compared to its average volume of 4,807,187. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average price is $440.62 and its 200-day moving average price is $396.83. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $493.20. The company has a market cap of $118.72 billion, a price-to-earnings ratio of -690.29 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm earned $0.93 earnings per share. The business's quarterly revenue was up 19.8% compared to the same quarter last year. As a group, sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 25,000 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president now directly owns 422,204 shares of the company's stock, valued at $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the transaction, the chief executive officer now directly owns 2,192,610 shares in the company, valued at $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 201,748 shares of company stock valued at $89,478,971. Corporate insiders own 3.32% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on CRWD. JMP Securities reiterated a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. Truist Financial reiterated a "buy" rating and issued a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their target price on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Mizuho lifted their price target on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, UBS Group reissued a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $453.17.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.