Twin Peaks Wealth Advisors LLC Buys 812 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Twin Peaks Wealth Advisors LLC boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 134.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,415 shares of the company’s stock after purchasing an additional 812 shares during the period. Twin Peaks Wealth Advisors LLC’s holdings in CrowdStrike were worth $499,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in CRWD. RMR Wealth Builders lifted its holdings in CrowdStrike by 10.8% during the first quarter. RMR Wealth Builders now owns 8,611 shares of the company’s stock valued at $3,036,000 after purchasing an additional 836 shares during the last quarter. Thomasville National Bank lifted its holdings in CrowdStrike by 18.6% during the first quarter. Thomasville National Bank now owns 949 shares of the company’s stock valued at $335,000 after purchasing an additional 149 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in CrowdStrike by 1.0% during the first quarter. Compagnie Lombard Odier SCmA now owns 3,230 shares of the company’s stock valued at $1,139,000 after purchasing an additional 33 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its holdings in CrowdStrike by 1.7% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 148,079 shares of the company’s stock valued at $52,210,000 after purchasing an additional 2,484 shares during the last quarter. Finally, FMB Wealth Management purchased a new stake in CrowdStrike during the first quarter valued at about $231,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 1.0%

Shares of NASDAQ CRWD opened at $481.73 on Friday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $491.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm’s 50 day simple moving average is $425.70 and its two-hundred day simple moving average is $391.11. The stock has a market capitalization of $119.41 billion, a P/E ratio of 944.59, 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 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 business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $0.93 earnings per share. The business’s quarterly revenue was up 19.8% on a year-over-year basis. As a group, analysts expect that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the transaction, the director now owns 29,500 shares in the company, valued at $14,425,500. The trade was a 25.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 252,361 shares of company stock worth $106,359,058 over the last ninety days. Insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CRWD. Oppenheimer upped their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. DA Davidson upped their price objective on shares of CrowdStrike from $415.00 to $530.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. BTIG Research reaffirmed a “buy” rating on shares of CrowdStrike in a report on Thursday, May 22nd. Susquehanna upped their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the company a “positive” rating in a report on Wednesday, June 4th. Finally, Robert W. Baird dropped their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $453.17.

CrowdStrike Company 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.