Wise Wealth Partners Boosts Holdings in CrowdStrike (NASDAQ:CRWD)

Wise Wealth Partners boosted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 91.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,650 shares of the company's stock after purchasing an additional 787 shares during the period. CrowdStrike makes up approximately 1.4% of Wise Wealth Partners' portfolio, making the stock its 14th biggest holding. Wise Wealth Partners' holdings in CrowdStrike were worth $582,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after purchasing an additional 2,417 shares during the period. Parkside Financial Bank & Trust grew its position in CrowdStrike by 10.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 752 shares of the company's stock valued at $257,000 after buying an additional 69 shares during the period. SVB Wealth LLC purchased a new position in CrowdStrike in the fourth quarter valued at $1,346,000. Cobblestone Capital Advisors LLC NY raised its position in shares of CrowdStrike by 4.1% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 1,105 shares of the company's stock worth $378,000 after acquiring an additional 44 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of CrowdStrike by 8.9% in the fourth quarter. Fisher Asset Management LLC now owns 2,429 shares of the company's stock worth $831,000 after acquiring an additional 199 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now owns 768,092 shares in the company, valued at $248,984,702.72. The trade was a 0.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $482.50, for a total value of $4,825,000.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at $8,828,302.50. This trade represents a 35.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 255,821 shares of company stock worth $115,966,659. Insiders own 3.32% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CRWD. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. The Goldman Sachs Group raised their price objective on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Truist Financial restated a "buy" rating and issued a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. BMO Capital Markets increased their target price on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, BTIG Research reissued a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $453.88.

CrowdStrike Trading Down 1.2%

CRWD opened at $499.33 on Monday. 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 has a market cap of $124.46 billion, a P/E ratio of -723.67 and a beta of 1.16. The business has a fifty day simple moving average of $452.08 and a 200-day simple moving average of $401.81. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $506.35.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the company earned $0.93 earnings per share. CrowdStrike's quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities analysts expect that CrowdStrike will post 0.55 earnings per share 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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