PDS Planning Inc Grows Stock Position in CrowdStrike (NASDAQ:CRWD)

PDS Planning Inc boosted its position in CrowdStrike (NASDAQ:CRWD) by 9.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,273 shares of the company’s stock after purchasing an additional 191 shares during the quarter. PDS Planning Inc’s holdings in CrowdStrike were worth $801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after buying an additional 58 shares in the last quarter. Sound Income Strategies LLC lifted its stake in 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. acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Millstone Evans Group LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. grew its position in shares of CrowdStrike by 426.3% in the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock valued at $35,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent research reports. Royal Bank Of Canada boosted 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 upped their price objective on shares of CrowdStrike from $420.00 to $530.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Thursday, June 5th. Evercore ISI reaffirmed an “in-line” rating and set a $440.00 target price (down from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Rosenblatt Securities raised their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $453.88.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $494.09 on Thursday. The firm has a market capitalization of $123.15 billion, a PE ratio of -716.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The business’s fifty day moving average price is $447.02 and its 200 day moving average price is $399.20. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $500.41.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. On average, sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 55,556 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Sentonas sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the transaction, the president now owns 422,204 shares in the company, valued at $201,391,308. This represents a 5.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 240,821 shares of company stock valued at $108,501,609. 3.32% of the stock is owned by corporate insiders.

CrowdStrike 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.