Shepherd Financial Partners LLC Grows Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Shepherd Financial Partners LLC increased its position in shares of CrowdStrike (NASDAQ:CRWD) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,895 shares of the company’s stock after purchasing an additional 125 shares during the period. Shepherd Financial Partners LLC’s holdings in CrowdStrike were worth $1,373,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CRWD. FSA Wealth Management LLC raised its holdings in CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after purchasing an additional 23 shares in the last quarter. Jacobi Capital Management LLC grew its position in shares of CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after buying an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC lifted its position in CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after acquiring an additional 29 shares during the last quarter. Finally, Greenwich Wealth Management LLC boosted its stake in CrowdStrike by 4.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock valued at $265,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $492.03 on Wednesday. The stock has a fifty day moving average price of $434.17 and a 200 day moving average price of $394.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $122.64 billion, a PE ratio of -713.09 and a beta of 1.16. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $493.20.

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 positive return on equity of 0.43% and a negative net margin of 4.17%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business posted $0.93 earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. Sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a research report on Monday, May 5th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Barclays set a $500.00 price objective on CrowdStrike in a research note on Tuesday, June 3rd. KeyCorp lowered their target price on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald upped their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. 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’s stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $453.17.

Insider Buying and Selling at CrowdStrike

In other news, Director Gerhard Watzinger sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total value of $4,890,000.00. Following the sale, the director now directly owns 29,500 shares in the company, valued at $14,425,500. This represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 2,141 shares of CrowdStrike stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $371.79, for a total value of $796,002.39. Following the sale, the chief accounting officer now owns 34,024 shares of the company’s stock, valued at approximately $12,649,782.96. This represents a 5.92% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 257,861 shares of company stock worth $109,595,558. 3.32% of the stock is owned by corporate 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.