City Holding Co. Raises Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

City Holding Co. raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,835 shares of the company’s stock after purchasing an additional 585 shares during the quarter. City Holding Co.’s holdings in CrowdStrike were worth $1,705,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CRWD. Brighton Jones LLC raised its stake in CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,417 shares during the period. Robertson Stephens Wealth Management LLC grew its holdings in CrowdStrike by 29.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 960 shares of the company’s stock valued at $328,000 after purchasing an additional 220 shares during the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of CrowdStrike during the 4th quarter worth approximately $230,000. Strategic Financial Concepts LLC bought a new position in CrowdStrike in the 4th quarter worth about $8,445,000. Finally, Golden State Wealth Management LLC purchased a new position in CrowdStrike during the 4th quarter worth $286,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $468.41 on Monday. The firm has a fifty day moving average of $415.18 and a two-hundred day moving average of $388.50. 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 stock has a market capitalization of $116.11 billion, a price-to-earnings ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week 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, topping analysts’ consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. CrowdStrike’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Analysts Set New Price Targets

CRWD has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on CrowdStrike from $500.00 to $510.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Needham & Company LLC lifted their target price on CrowdStrike from $420.00 to $530.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Citigroup reaffirmed an “outperform” rating on shares of CrowdStrike in a research report on Monday, May 5th. Canaccord Genuity Group reiterated a “hold” rating and issued a $475.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Roth Capital increased their price target on CrowdStrike from $410.00 to $420.00 and gave the stock a “buy” rating in a research report 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $450.43.

Insider Buying and Selling

In other CrowdStrike news, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total value of $4,890,000.00. Following the transaction, the director now directly owns 29,500 shares of the company’s stock, valued at $14,425,500. This represents a 25.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurtz sold 55,556 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the transaction, the chief executive officer now directly owns 2,192,610 shares in the company, valued at $981,280,679.40. The trade was a 2.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,681 shares of company stock valued at $87,081,236. 3.32% of the stock is owned by insiders.

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.