Albion Financial Group UT Acquires 39 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Albion Financial Group UT grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,096 shares of the company’s stock after buying an additional 39 shares during the period. Albion Financial Group UT’s holdings in CrowdStrike were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in CRWD. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of CrowdStrike during the fourth quarter valued at $1,228,000. Financial Counselors Inc. boosted its holdings in shares of CrowdStrike by 3.9% in the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after purchasing an additional 50 shares during the period. Ferguson Wellman Capital Management Inc. grew its stake in CrowdStrike by 17.1% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after purchasing an additional 23,265 shares in the last quarter. Highland Capital Management LLC increased its holdings in CrowdStrike by 0.6% during the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after purchasing an additional 181 shares during the period. Finally, Sara Bay Financial bought a new stake in CrowdStrike during the 4th quarter valued at $255,000. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent research reports. Citigroup increased their price target on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Rosenblatt Securities raised their target price on shares of CrowdStrike from $415.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Susquehanna boosted their price target on shares of CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a report on Thursday, March 7th. Wedbush dropped their price objective on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Finally, Piper Sandler downgraded shares of CrowdStrike from an “overweight” rating to a “neutral” rating and set a $400.00 price objective for the company. in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $382.35.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $387.18 on Thursday. CrowdStrike Holdings, Inc. has a 52-week low of $139.37 and a 52-week high of $394.64. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The stock has a market cap of $94.22 billion, a PE ratio of 730.54, a price-to-earnings-growth ratio of 19.41 and a beta of 1.10. The business has a 50-day simple moving average of $345.31 and a 200-day simple moving average of $316.23.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now owns 208,961 shares in the company, valued at $64,525,067.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total value of $17,131,890.39. Following the sale, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 219,675 shares of company stock worth $76,681,402. 4.34% of the stock is owned by company insiders.

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.