Abbrea Capital LLC Acquires 238 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Abbrea Capital LLC grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 29.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,048 shares of the company’s stock after acquiring an additional 238 shares during the period. Abbrea Capital LLC’s holdings in CrowdStrike were worth $336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CRWD. CVA Family Office LLC purchased a new position in shares of CrowdStrike during the 4th quarter valued at $26,000. Hexagon Capital Partners LLC purchased a new stake in CrowdStrike in the 4th quarter worth $26,000. Silver Oak Securities Incorporated purchased a new stake in CrowdStrike in the 3rd quarter worth $27,000. Bear Mountain Capital Inc. purchased a new stake in CrowdStrike in the 4th quarter worth $27,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in CrowdStrike in the 1st quarter worth $30,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD traded up $6.05 during mid-day trading on Monday, reaching $377.37. The company had a trading volume of 3,519,517 shares, compared to its average volume of 4,108,474. CrowdStrike Holdings, Inc. has a 52-week low of $140.52 and a 52-week high of $398.33. 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 stock has a market capitalization of $91.84 billion, a P/E ratio of 716.56, a PEG ratio of 18.71 and a beta of 1.10. The stock has a 50 day moving average of $358.34 and a two-hundred day moving average of $323.28.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $904.82 million. On average, analysts expect that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $425.00 price target on shares of CrowdStrike in a research note on Wednesday, June 5th. BTIG Research decreased their price target on shares of CrowdStrike from $432.00 to $402.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Morgan Stanley upped their target price on shares of CrowdStrike from $372.00 to $422.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Wedbush cut their price target on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Finally, BMO Capital Markets dropped their price objective on CrowdStrike from $425.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Two research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $382.35.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the transaction, the chief executive officer now owns 1,146,048 shares in the company, valued at $348,868,471.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the sale, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George Kurtz sold 56,279 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the sale, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 215,675 shares of company stock worth $75,446,242. 4.34% of the stock is owned by corporate insiders.

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.