AAFMAA Wealth Management & Trust LLC Has $1.01 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

AAFMAA Wealth Management & Trust LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 252.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,850 shares of the company’s stock after buying an additional 2,042 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in CrowdStrike were worth $1,005,000 at the end of the most recent reporting period.

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

CrowdStrike Trading Up 1.2%

NASDAQ:CRWD opened at $468.41 on Friday. 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 Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $491.20. The firm has a market capitalization of $116.11 billion, a price-to-earnings ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.22. The business’s 50-day moving average price is $415.18 and its two-hundred day moving average price is $388.02.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating 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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company posted $0.93 EPS. CrowdStrike’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares in the company, valued at approximately $31,669,042. The trade was a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the transaction, the director now directly owns 768,092 shares of the company’s stock, valued at approximately $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 211,681 shares of company stock valued at $87,081,236. Corporate insiders own 3.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CRWD shares. Canaccord Genuity Group reiterated a “hold” rating and set a $475.00 target price (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday. Mizuho upped their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a “neutral” rating in a research note on Wednesday. Oppenheimer raised their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an “outperform” rating in a report on Wednesday. Wedbush boosted their target price on CrowdStrike from $475.00 to $525.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Needham & Company LLC increased their price target on CrowdStrike from $420.00 to $530.00 and gave the stock a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $450.43.

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.