Pines Wealth Management LLC Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pines Wealth Management LLC raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,106 shares of the company’s stock after acquiring an additional 153 shares during the period. Pines Wealth Management LLC’s holdings in CrowdStrike were worth $685,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. raised its holdings in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. Millstone Evans Group LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. ST Germain D J Co. Inc. lifted its holdings in CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock worth $35,000 after purchasing an additional 81 shares in the last quarter. Finally, Bellwether Advisors LLC bought a new position in CrowdStrike in the 4th quarter worth about $37,000. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CRWD shares. Roth Capital increased their price target on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets upped their target price on shares of CrowdStrike from $405.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday. JMP Securities reissued a “market outperform” rating and issued a $500.00 price target on shares of CrowdStrike in a report on Wednesday. Rosenblatt Securities lifted their price objective on CrowdStrike from $450.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, June 2nd. Finally, Wells Fargo & Company upped their target price on CrowdStrike from $430.00 to $550.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $450.43.

Insiders Place Their Bets

In related news, Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the sale, the director now owns 29,500 shares of the company’s stock, valued at $14,425,500. The trade was a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 55,556 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the sale, the chief executive officer now owns 2,192,610 shares in the company, valued at $981,280,679.40. The trade was a 2.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 211,681 shares of company stock worth $87,081,236. Company insiders own 3.32% of the company’s stock.

CrowdStrike Trading Up 1.2%

NASDAQ CRWD opened at $468.41 on Friday. The stock has a market cap of $116.11 billion, a P/E ratio of 918.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The stock has a 50 day simple moving average of $415.18 and a two-hundred day simple moving average of $388.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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

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.