Arthur M. Cohen & Associates LLC Buys 822 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Arthur M. Cohen & Associates LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.5% during the first quarter, HoldingsChannel.com reports. The fund owned 19,260 shares of the company’s stock after acquiring an additional 822 shares during the quarter. CrowdStrike accounts for about 1.3% of Arthur M. Cohen & Associates LLC’s holdings, making the stock its 16th largest position. Arthur M. Cohen & Associates LLC’s holdings in CrowdStrike were worth $6,791,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Primoris Wealth Advisors LLC bought a new stake in CrowdStrike in the fourth quarter valued at $2,166,000. Arcadia Investment Management Corp MI grew its holdings in shares of CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after purchasing an additional 2,814 shares during the last quarter. Trifecta Capital Advisors LLC grew its holdings in shares of CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after purchasing an additional 8,561 shares during the last quarter. Delta Financial Group Inc. bought a new stake in shares of CrowdStrike during the fourth quarter worth $336,000. Finally, Marshall Investment Management LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth $2,494,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Down 5.8%

NASDAQ CRWD opened at $460.56 on Thursday. The firm has a market cap of $114.16 billion, a P/E ratio of 903.08, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock’s 50-day moving average is $410.85 and its 200-day moving average is $386.40. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $491.20.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. CrowdStrike’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRWD has been the topic of several research analyst reports. KeyCorp decreased their target price on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Oppenheimer raised their price target on CrowdStrike from $410.00 to $520.00 and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Company raised their price target on CrowdStrike from $430.00 to $550.00 and gave the company an “overweight” rating in a report on Monday. Rosenblatt Securities raised their price target on CrowdStrike from $450.00 to $515.00 and gave the company a “buy” rating in a report on Monday. Finally, Piper Sandler raised their price target on CrowdStrike from $400.00 to $505.00 and gave the company an “overweight” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $449.38.

Insider Buying and Selling

In other CrowdStrike news, 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 value of $1,588,500.00. Following the completion of the transaction, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 13,543 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $4,856,790.66. Following the completion of the transaction, the president now owns 405,308 shares of the company’s stock, valued at approximately $145,351,554.96. This represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 211,681 shares of company stock worth $87,081,236. 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.