BNC Wealth Management LLC Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

BNC Wealth Management LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,860 shares of the company’s stock after purchasing an additional 179 shares during the quarter. CrowdStrike comprises 1.3% of BNC Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. BNC Wealth Management LLC’s holdings in CrowdStrike were worth $3,476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after acquiring an additional 342,294 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after purchasing an additional 124,984 shares in the last quarter. Norges Bank acquired a new stake in shares of CrowdStrike in the 4th quarter valued at $1,111,542,000. Northern Trust Corp grew its position in shares of CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company’s stock valued at $777,292,000 after buying an additional 324,136 shares during the last quarter. Finally, FMR LLC grew its position in shares of CrowdStrike by 15.0% in the 4th quarter. FMR LLC now owns 2,204,171 shares of the company’s stock valued at $754,179,000 after buying an additional 287,960 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 252,361 shares of company stock worth $106,359,058. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CRWD. Canaccord Genuity Group reissued a “hold” rating and set a $475.00 price objective (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Piper Sandler raised their price objective on shares of CrowdStrike from $400.00 to $505.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Bank of America reiterated a “neutral” rating and issued a $470.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Jefferies Financial Group lifted their price objective on CrowdStrike from $410.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus lifted their price objective on CrowdStrike from $480.00 to $495.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $453.17.

CrowdStrike Stock Down 0.2%

Shares of CrowdStrike stock opened at $480.62 on Friday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $491.20. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $119.13 billion, a price-to-earnings ratio of 942.41, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The company has a fifty day moving average price of $428.81 and a 200 day moving average price of $391.91.

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

CrowdStrike 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.