WJ Wealth Management LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

WJ Wealth Management LLC acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 1,612 shares of the company’s stock, valued at approximately $517,000.

Other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its stake in shares of CrowdStrike by 289.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 8,006 shares of the company’s stock worth $1,340,000 after purchasing an additional 5,951 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in CrowdStrike by 23.2% during the third quarter. Tower Research Capital LLC TRC now owns 17,299 shares of the company’s stock valued at $2,896,000 after acquiring an additional 3,257 shares during the period. Bank of Nova Scotia lifted its position in shares of CrowdStrike by 123.1% in the third quarter. Bank of Nova Scotia now owns 17,379 shares of the company’s stock valued at $2,909,000 after acquiring an additional 9,589 shares in the last quarter. Gotham Asset Management LLC boosted its stake in shares of CrowdStrike by 17.3% in the third quarter. Gotham Asset Management LLC now owns 45,687 shares of the company’s stock worth $7,647,000 after acquiring an additional 6,733 shares during the period. Finally, Eventide Asset Management LLC grew its position in shares of CrowdStrike by 0.4% during the third quarter. Eventide Asset Management LLC now owns 499,394 shares of the company’s stock worth $83,589,000 after purchasing an additional 2,060 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group boosted their target price on shares of CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. lifted their target price on CrowdStrike from $371.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. BTIG Research decreased their target price on CrowdStrike from $432.00 to $402.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Needham & Company LLC restated a “buy” rating and set a $425.00 price target on shares of CrowdStrike in a report on Wednesday, June 5th. Finally, Citigroup upped their price objective on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. One analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Buy” and an average price target of $380.62.

CrowdStrike Stock Down 1.1 %

CRWD stock traded down $4.10 during trading on Friday, hitting $383.19. 8,480,459 shares of the company’s stock traded hands, compared to its average volume of 8,199,314. The business has a fifty day simple moving average of $341.55 and a two-hundred day simple moving average of $314.36. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $93.25 billion, a P/E ratio of 723.01, a PEG ratio of 19.31 and a beta of 1.08. CrowdStrike Holdings, Inc. has a 1 year low of $139.37 and a 1 year high of $394.64.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 64,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $316.48, for a total transaction of $20,254,720.00. Following the completion of the sale, the chief financial officer now owns 306,508 shares in the company, valued at approximately $97,003,651.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 64,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $316.48, for a total transaction of $20,254,720.00. Following the sale, the chief financial officer now directly owns 306,508 shares in the company, valued at approximately $97,003,651.84. The disclosure for this sale can be found here. Insiders sold a total of 283,675 shares of company stock worth $95,985,272 over the last three months. Corporate insiders own 4.34% of the company’s stock.

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.