Bell Bank Buys 1,415 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bell Bank increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 196.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,136 shares of the company’s stock after buying an additional 1,415 shares during the quarter. Bell Bank’s holdings in CrowdStrike were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CRWD. FPC Investment Advisory Inc. grew its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the period. Sound Income Strategies LLC lifted 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 purchasing an additional 38 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike in the 4th quarter worth $34,000. Millstone Evans Group LLC bought a new position in shares of CrowdStrike in the 4th quarter worth $34,000. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of CrowdStrike by 426.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock worth $35,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the completion of the transaction, the director now owns 29,500 shares of the company’s stock, valued at $14,425,500. The trade was a 25.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 13,543 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $4,856,790.66. Following the transaction, the president now directly owns 405,308 shares of the company’s stock, valued at $145,351,554.96. The trade was a 3.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 247,861 shares of company stock valued at $104,770,558 in the last quarter. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 0.3%

Shares of CrowdStrike stock opened at $479.39 on Tuesday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $491.20. The stock’s 50-day simple moving average is $431.89 and its 200 day simple moving average is $393.46. The stock has a market capitalization of $118.83 billion, a P/E ratio of 940.00, a P/E/G 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 (NASDAQ:CRWD) last announced 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 return on equity of 7.11% and a net margin of 3.39%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business posted $0.93 EPS. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CRWD shares. Barclays set a $500.00 target price on CrowdStrike in a report on Tuesday, June 3rd. UBS Group restated a “buy” rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Thursday, June 5th. Finally, Wedbush raised their price objective on CrowdStrike from $475.00 to $525.00 and gave the company an “outperform” rating in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.