Simon Quick Advisors LLC Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Simon Quick Advisors LLC raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,630 shares of the company’s stock after buying an additional 272 shares during the quarter. Simon Quick Advisors LLC’s holdings in CrowdStrike were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wedbush boosted their price target on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 3rd. Mizuho increased their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. Rosenblatt Securities raised their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a “buy” rating in a research report on Monday, June 2nd. Stifel Nicolaus increased their price target on CrowdStrike from $480.00 to $495.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets increased their price target on CrowdStrike from $405.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $453.17.

Insider Activity

In related news, CAO Anurag Saha sold 2,141 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $371.79, for a total transaction of $796,002.39. Following the sale, the chief accounting officer now owns 34,024 shares in the company, valued at $12,649,782.96. The trade was a 5.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, March 17th. The stock was 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 in the company, valued at $31,669,042. This represents a 4.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 252,361 shares of company stock worth $106,359,058. Insiders own 3.32% of the company’s stock.

CrowdStrike Trading Down 0.2%

Shares of CRWD opened at $480.62 on Friday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $491.20. The business’s fifty day moving average is $428.81 and its 200-day moving average is $391.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm 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 issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. 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 company posted $0.93 EPS. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. Equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS 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.