CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,005 shares of the company’s stock after acquiring an additional 555 shares during the period. CrowdStrike makes up 0.9% of Lake Street Private Wealth LLC’s holdings, making the stock its 29th biggest holding. Lake Street Private Wealth LLC’s holdings in CrowdStrike were worth $5,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in CRWD. FSA Wealth Management LLC boosted its stake in CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after buying an additional 23 shares during the last quarter. Jacobi Capital Management LLC boosted its stake in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after buying an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after buying an additional 27 shares during the last quarter. Wintrust Investments LLC boosted its stake in CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after buying an additional 29 shares during the last quarter. Finally, Greenwich Wealth Management LLC boosted its stake in CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after buying an additional 30 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Down 5.8%

CrowdStrike stock opened at $460.56 on Thursday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $491.20. The stock has a market cap of $114.16 billion, a price-to-earnings ratio of 903.08, a PEG ratio of 17.86 and a beta of 1.22. The company’s 50-day moving average price is $410.85 and its two-hundred day moving average price is $386.40. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion for 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%. CrowdStrike’s revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. On average, analysts expect that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays set a $500.00 price objective on CrowdStrike in a research note on Tuesday. KeyCorp reduced their price objective on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Scotiabank lifted their price objective on CrowdStrike from $370.00 to $480.00 and gave the company a “sector perform” rating in a research note on Wednesday. BTIG Research reissued a “buy” rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Finally, Raymond James reissued an “outperform” rating and set a $485.00 price target (up from $390.00) on shares of CrowdStrike in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $449.38.

Insider Transactions at CrowdStrike

In related news, Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the completion of the sale, the director now owns 29,500 shares of the company’s stock, valued at approximately $14,425,500. This trade represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was 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 211,681 shares of company stock valued at $87,081,236 over the last ninety days. Corporate insiders own 3.32% 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.