Asio Capital LLC Makes New $2.42 Million Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Asio Capital LLC purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the first quarter, Holdings Channel.com reports. The fund purchased 6,855 shares of the company’s stock, valued at approximately $2,417,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings in CrowdStrike by 29.9% in the first quarter. Exchange Traded Concepts LLC now owns 12,238 shares of the company’s stock valued at $4,315,000 after buying an additional 2,820 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock worth $31,000 after acquiring an additional 38 shares during the period. Ritholtz Wealth Management increased its stake in CrowdStrike by 23.8% in the 1st quarter. Ritholtz Wealth Management now owns 3,824 shares of the company’s stock valued at $1,348,000 after purchasing an additional 736 shares in the last quarter. Blodgett Wealth Advisors LLC boosted its position in CrowdStrike by 7.9% during the first quarter. Blodgett Wealth Advisors LLC now owns 5,072 shares of the company’s stock worth $1,788,000 after purchasing an additional 370 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in shares of CrowdStrike by 118.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 4,769 shares of the company’s stock valued at $1,681,000 after buying an additional 2,583 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,496 shares of the business’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 transaction, the chief accounting officer now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 252,361 shares of company stock valued at $106,359,058 in the last quarter. Company insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of CrowdStrike from $430.00 to $550.00 and gave the company an “overweight” rating in a research note on Monday, June 2nd. Oppenheimer lifted their price objective on CrowdStrike from $410.00 to $520.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Stephens increased their target price on CrowdStrike from $450.00 to $540.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Raymond James reissued an “outperform” rating and set a $485.00 price target (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus lifted their price objective on CrowdStrike from $480.00 to $495.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Two investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $453.17.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $480.62 on Friday. The business’s 50-day simple moving average is $428.81 and its 200 day simple moving average is $392.22. The company has a market cap of $119.13 billion, a P/E ratio of 942.41, a PEG ratio of 17.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $491.20.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data 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. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The business’s quarterly revenue was up 19.8% on a year-over-year basis. On average, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

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.