GPS Wealth Strategies Group LLC Purchases 4,058 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

GPS Wealth Strategies Group LLC increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 24.8% during the 1st quarter, HoldingsChannel reports. The fund owned 20,453 shares of the company’s stock after buying an additional 4,058 shares during the period. CrowdStrike accounts for approximately 1.0% of GPS Wealth Strategies Group LLC’s portfolio, making the stock its 21st biggest holding. GPS Wealth Strategies Group LLC’s holdings in CrowdStrike were worth $7,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp increased its holdings in shares of CrowdStrike by 53.0% in the 1st quarter. Fifth Third Bancorp now owns 68,241 shares of the company’s stock worth $24,060,000 after purchasing an additional 23,632 shares in the last quarter. Simon Quick Advisors LLC grew its stake in shares of CrowdStrike by 20.0% during the 1st quarter. Simon Quick Advisors LLC now owns 1,630 shares of the company’s stock valued at $575,000 after acquiring an additional 272 shares during the period. Laurel Wealth Advisors LLC boosted its holdings in CrowdStrike by 2.1% in the 1st quarter. Laurel Wealth Advisors LLC now owns 7,844 shares of the company’s stock worth $2,766,000 after buying an additional 163 shares during the period. Focus Financial Network Inc. boosted its holdings in CrowdStrike by 16.2% in the 1st quarter. Focus Financial Network Inc. now owns 2,755 shares of the company’s stock worth $971,000 after buying an additional 384 shares during the period. Finally, Bard Financial Services Inc. increased its holdings in CrowdStrike by 2.9% in the 1st quarter. Bard Financial Services Inc. now owns 2,285 shares of the company’s stock valued at $806,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company raised their price target on CrowdStrike from $430.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. Scotiabank increased their price target on CrowdStrike from $370.00 to $480.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 4th. Piper Sandler boosted their price objective on CrowdStrike from $400.00 to $505.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Barclays set a $500.00 target price on CrowdStrike in a research note on Tuesday, June 3rd. Finally, Oppenheimer boosted their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $453.17.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 13,529 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.10, for a total value of $4,844,734.90. Following the completion of the sale, the chief financial officer now directly owns 244,739 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction 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 $12,969,492.30. This represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 252,361 shares of company stock worth $106,359,058. Company insiders own 3.32% of the company’s stock.

CrowdStrike Price Performance

CRWD opened at $476.98 on Thursday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $422.55 and its 200 day moving average price is $390.29. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The firm has a market cap of $118.23 billion, a price-to-earnings ratio of 935.27, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion for 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 quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the business posted $0.93 earnings per share. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

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.