Wedmont Private Capital Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Wedmont Private Capital grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 26.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,056 shares of the company's stock after acquiring an additional 861 shares during the period. Wedmont Private Capital's holdings in CrowdStrike were worth $1,533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FPC Investment Advisory Inc. increased its position in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares in the last quarter. Crowley Wealth Management Inc. purchased a new stake in CrowdStrike in the fourth quarter worth about $34,000. Millstone Evans Group LLC purchased a new stake in CrowdStrike in the fourth quarter worth about $34,000. ST Germain D J Co. Inc. increased its position in CrowdStrike by 426.3% in the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after buying an additional 81 shares in the last quarter. Finally, Bellwether Advisors LLC purchased a new stake in CrowdStrike in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CRWD shares. Evercore ISI restated an "in-line" rating and issued a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Mizuho upped their price objective on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. JMP Securities reaffirmed a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company upped their price objective on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company's stock. According to MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $450.43.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. This trade represents a 4.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 211,681 shares of company stock valued at $87,081,236. Insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $468.41 on Monday. The firm has a market capitalization of $116.11 billion, a price-to-earnings ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $491.20. The business has a 50 day simple moving average of $415.18 and a 200-day simple moving average of $388.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.93 EPS. CrowdStrike's quarterly revenue was up 19.8% compared to the same quarter last year. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

CrowdStrike Company Profile

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.

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