Gateway Investment Advisers LLC Has $12.65 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gateway Investment Advisers LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,891 shares of the company’s stock after buying an additional 141 shares during the quarter. Gateway Investment Advisers LLC’s holdings in CrowdStrike were worth $12,654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Seneca House Advisors grew its stake in shares of CrowdStrike by 9.1% in the first quarter. Seneca House Advisors now owns 1,408 shares of the company’s stock valued at $496,000 after acquiring an additional 118 shares in the last quarter. Blue Zone Wealth Advisors LLC raised its stake in CrowdStrike by 0.4% in the 1st quarter. Blue Zone Wealth Advisors LLC now owns 18,304 shares of the company’s stock worth $6,454,000 after purchasing an additional 71 shares in the last quarter. City State Bank boosted its holdings in CrowdStrike by 6.2% in the 1st quarter. City State Bank now owns 1,983 shares of the company’s stock valued at $699,000 after purchasing an additional 115 shares during the period. Radnor Capital Management LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth approximately $427,000. Finally, StoneCrest Wealth Management Inc. increased its holdings in shares of CrowdStrike by 21.8% during the first quarter. StoneCrest Wealth Management Inc. now owns 7,476 shares of the company’s stock worth $2,636,000 after purchasing an additional 1,340 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRWD has been the topic of a number of analyst reports. Robert W. Baird reduced their price target on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. DZ Bank lowered CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 target price on the stock. in a report on Thursday, May 22nd. Jefferies Financial Group raised their price target on CrowdStrike from $410.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley upped their price objective on shares of CrowdStrike from $455.00 to $490.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, BMO Capital Markets raised their target price on shares of CrowdStrike from $405.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday. Two research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $450.43.

CrowdStrike Price Performance

NASDAQ CRWD opened at $468.41 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $116.11 billion, a PE ratio of 918.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $491.20. The firm’s 50-day simple moving average is $415.18 and its two-hundred day simple moving average is $388.02.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 earnings per share. Research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the transaction, the insider now owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. This represents a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 211,681 shares of company stock worth $87,081,236 in the last quarter. 3.32% of the stock is owned by company 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.