CRA Financial Services LLC Acquires 338 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CRA Financial Services LLC boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,828 shares of the company’s stock after purchasing an additional 338 shares during the period. CRA Financial Services LLC’s holdings in CrowdStrike were worth $997,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. lifted its stake in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in CrowdStrike in the fourth quarter worth $34,000. Millstone Evans Group LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at about $34,000. ST Germain D J Co. Inc. raised its stake in shares of CrowdStrike by 426.3% during the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock valued at $35,000 after acquiring an additional 81 shares during the last quarter. Finally, Bellwether Advisors LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at about $37,000. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRWD. Susquehanna upped their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the company a “positive” rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. upped their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Piper Sandler upped their price objective on shares of CrowdStrike from $400.00 to $505.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Stifel Nicolaus upped their price objective on shares of CrowdStrike from $480.00 to $495.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Finally, 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. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $453.17.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Sentonas sold 13,543 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the transaction, the president now owns 405,308 shares in the company, valued at approximately $145,351,554.96. This trade represents a 3.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 252,361 shares of company stock worth $106,359,058 over the last quarter. Company insiders own 3.32% of the company’s stock.

CrowdStrike Trading Down 0.2%

NASDAQ:CRWD opened at $480.62 on Friday. The company’s 50 day moving average price is $428.81 and its 200-day moving average price is $391.91. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $491.20. 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 stock has a market cap of $119.13 billion, a price-to-earnings ratio of 942.41, a PEG ratio of 17.86 and a beta of 1.16.

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