Magnus Financial Group LLC Acquires 1,160 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Magnus Financial Group LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 164.5% during the first quarter, HoldingsChannel reports. The firm owned 1,865 shares of the company’s stock after purchasing an additional 1,160 shares during the period. Magnus Financial Group LLC’s holdings in CrowdStrike were worth $658,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CRWD. Vanguard Group Inc. boosted its position in CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after buying an additional 342,294 shares during the period. Geode Capital Management LLC raised its stake in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. Northern Trust Corp grew its stake in CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company’s stock worth $777,292,000 after purchasing an additional 324,136 shares in the last quarter. Finally, FMR LLC increased its holdings in CrowdStrike by 15.0% during the 4th quarter. FMR LLC now owns 2,204,171 shares of the company’s stock worth $754,179,000 after purchasing an additional 287,960 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CRWD shares. Needham & Company LLC upped their target price on CrowdStrike from $420.00 to $530.00 and gave the stock a “buy” rating in a report on Wednesday. KeyCorp lowered their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Stephens increased their target price on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group restated a “buy” rating on shares of CrowdStrike in a report on Tuesday. Finally, Cantor Fitzgerald upped their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $450.43.

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. The firm has a fifty day simple moving average of $415.18 and a 200-day simple moving average of $388.02. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $491.20. The company has a market capitalization of $116.11 billion, a P/E ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.22.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly 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. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. On average, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 13,529 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.10, for a total value of $4,844,734.90. Following the sale, the chief financial officer now directly owns 244,739 shares of the company’s stock, valued at approximately $87,641,035.90. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,496 shares of the 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 sale, the chief accounting officer now directly owns 36,165 shares in the company, 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 sold a total of 211,681 shares of company stock worth $87,081,236 over the last three months. 3.32% of the stock is currently owned by insiders.

CrowdStrike 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.