Revolve Wealth Partners LLC Invests $295,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Revolve Wealth Partners LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 836 shares of the company’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FPC Investment Advisory Inc. raised its stake in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in CrowdStrike during the 4th quarter valued at about $34,000. Millstone Evans Group LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth about $34,000. ST Germain D J Co. Inc. lifted its stake 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 acquiring an additional 81 shares during the period. Finally, Bellwether Advisors LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $37,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $468.41 on Monday. The stock has a market capitalization of $116.11 billion, a PE ratio of 918.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $491.20. The stock has a 50 day moving average price of $415.18 and a 200 day moving average price of $388.50. 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 posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm 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 period in the prior year, the firm posted $0.93 earnings per share. Analysts predict that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on CRWD shares. Sanford C. Bernstein cut CrowdStrike from an “outperform” rating to a “market perform” rating and set a $371.00 target price on the stock. in a report on Friday. JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Oppenheimer raised their target price on CrowdStrike from $410.00 to $520.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. DA Davidson lifted their target price on CrowdStrike from $415.00 to $530.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two equities 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 company. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $450.43.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares of the company’s stock, valued at $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the sale, the insider now owns 89,714 shares of the company’s stock, valued at $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 211,681 shares of company stock valued at $87,081,236. 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.