Marest Capital LLC Acquires 87 Shares of CrowdStrike (NASDAQ:CRWD)

Marest Capital LLC grew its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 14.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 682 shares of the company’s stock after buying an additional 87 shares during the period. CrowdStrike makes up 0.2% of Marest Capital LLC’s investment portfolio, making the stock its 23rd largest holding. Marest Capital LLC’s holdings in CrowdStrike were worth $240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. boosted its holdings 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 in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock worth $31,000 after buying an additional 38 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth about $34,000. Millstone Evans Group LLC bought a new position in shares of CrowdStrike during the 4th quarter worth about $34,000. Finally, ST Germain D J Co. Inc. boosted its position in shares of CrowdStrike by 426.3% during 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. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CRWD. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Thursday, June 5th. Scotiabank boosted their price target on shares of CrowdStrike from $370.00 to $480.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. Morgan Stanley boosted their price target on shares of CrowdStrike from $455.00 to $490.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Susquehanna boosted their price target on shares of CrowdStrike from $425.00 to $530.00 and gave the company a “positive” rating in a research note on Wednesday, June 4th. Finally, Evercore ISI restated an “in-line” rating and set a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $453.17.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the sale, the chief executive officer now directly owns 2,192,610 shares of the company’s stock, valued at $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now directly owns 768,092 shares in the company, valued at approximately $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 257,861 shares of company stock valued at $109,595,558 over the last three months. 3.32% of the stock is currently owned by insiders.

CrowdStrike Price Performance

CrowdStrike stock opened at $492.03 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The business’s 50 day simple moving average is $434.17 and its 200 day simple moving average is $394.15. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $493.20. The company has a market cap of $122.64 billion, a price-to-earnings ratio of -713.09 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last released its earnings results 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. 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 the consensus estimate of $1.11 billion. During the same period 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 EPS for the current year.

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.