Vicus Capital Grows Position in CrowdStrike (NASDAQ:CRWD)

Vicus Capital increased its stake in shares of CrowdStrike (NASDAQ:CRWD) by 85.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,277 shares of the company’s stock after purchasing an additional 588 shares during the quarter. Vicus Capital’s holdings in CrowdStrike were worth $450,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Grimes & Company Inc. boosted its holdings in CrowdStrike by 10.8% in the first quarter. Grimes & Company Inc. now owns 872 shares of the company’s stock worth $307,000 after acquiring an additional 85 shares in the last quarter. Signature Wealth Management Group increased its holdings in shares of CrowdStrike by 0.8% in the first quarter. Signature Wealth Management Group now owns 5,025 shares of the company’s stock valued at $1,772,000 after purchasing an additional 42 shares during the period. FNY Investment Advisers LLC raised its stake in shares of CrowdStrike by 68.1% in the first quarter. FNY Investment Advisers LLC now owns 765 shares of the company’s stock worth $269,000 after purchasing an additional 310 shares during the last quarter. Mason & Associates Inc lifted its holdings in shares of CrowdStrike by 4.2% during the first quarter. Mason & Associates Inc now owns 5,094 shares of the company’s stock worth $1,796,000 after purchasing an additional 207 shares during the period. Finally, Sagespring Wealth Partners LLC lifted its holdings in shares of CrowdStrike by 23.7% during the first quarter. Sagespring Wealth Partners LLC now owns 2,286 shares of the company’s stock worth $806,000 after purchasing an additional 438 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 2.6%

Shares of NASDAQ CRWD opened at $492.03 on Wednesday. The stock has a market cap of $122.64 billion, a PE ratio of -713.09 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $493.20. The company has a 50-day moving average of $434.17 and a 200 day moving average of $394.15.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.93 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CRWD shares. The Goldman Sachs Group raised their price target on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Bank of America restated a “neutral” rating and set a $470.00 target price (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. DA Davidson increased their price target on CrowdStrike from $415.00 to $530.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Barclays set a $500.00 price objective on CrowdStrike in a report on Tuesday, June 3rd. Finally, Morgan Stanley upped their target price on CrowdStrike from $455.00 to $490.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $453.17.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 5,096 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.43, for a total value of $1,826,559.28. Following the completion of the transaction, the insider now directly owns 84,618 shares in the company, valued at approximately $30,329,629.74. This represents a 5.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 257,861 shares of company stock valued at $109,595,558 in the last three months. 3.32% of the stock is currently owned by insiders.

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.