Simon Quick Advisors LLC Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Simon Quick Advisors LLC boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,630 shares of the company’s stock after acquiring an additional 272 shares during the quarter. Simon Quick Advisors LLC’s holdings in CrowdStrike were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. lifted its position in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $34,000. ST Germain D J Co. Inc. boosted its stake in shares of CrowdStrike by 426.3% in the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock valued at $35,000 after buying an additional 81 shares in the last quarter. Finally, Bellwether Advisors LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $37,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction that occurred on 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 sale, the chief executive officer now owns 2,192,610 shares in the company, valued at $981,280,679.40. This trade represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 252,361 shares of company stock worth $106,359,058 over the last quarter. Insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRWD. Wells Fargo & Company lifted their price objective on CrowdStrike from $430.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Barclays set a $500.00 price target on CrowdStrike in a report on Tuesday, June 3rd. Stephens boosted their price target on CrowdStrike from $450.00 to $540.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Truist Financial reissued a “buy” rating and issued a $500.00 price target (up from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Morgan Stanley lifted their price objective on CrowdStrike from $455.00 to $490.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Two 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $453.17.

CrowdStrike Stock Performance

CRWD opened at $480.62 on Friday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $491.20. The company has a market cap of $119.13 billion, a price-to-earnings ratio of 942.41, a PEG ratio of 17.86 and a beta of 1.16. The company’s 50 day moving average is $428.81 and its 200 day moving average is $391.91. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

CrowdStrike (NASDAQ:CRWD) last released its 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. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business earned $0.93 EPS. The firm’s revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts predict 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.