CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by CCM Investment Advisers LLC

CCM Investment Advisers LLC boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 16.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,514 shares of the company’s stock after buying an additional 5,471 shares during the quarter. CrowdStrike accounts for approximately 1.7% of CCM Investment Advisers LLC’s portfolio, making the stock its 28th largest holding. CCM Investment Advisers LLC’s holdings in CrowdStrike were worth $13,932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. boosted its holdings in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter worth about $34,000. Millstone Evans Group LLC acquired a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. ST Germain D J Co. Inc. raised its holdings in 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 buying an additional 81 shares during the period. Finally, Bellwether Advisors LLC purchased a new position in CrowdStrike in the fourth quarter valued at approximately $37,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRWD has been the subject of several recent research reports. Evercore ISI reissued an “in-line” rating and issued a $440.00 price objective (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Wedbush upped their price target on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 3rd. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Thursday, June 5th. Roth Capital upped their target price on CrowdStrike from $410.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, Cantor Fitzgerald increased their target price on CrowdStrike from $440.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $453.17.

CrowdStrike Trading Up 1.0%

CrowdStrike stock opened at $481.73 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $491.20. The firm’s 50-day moving average is $425.70 and its 200-day moving average is $391.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market cap of $119.41 billion, a P/E ratio of 944.59, a PEG ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results 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 firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. CrowdStrike’s revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the company posted $0.93 earnings per share. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Gerhard Watzinger sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total value of $4,890,000.00. Following the sale, the director now directly owns 29,500 shares in the company, valued at $14,425,500. This trade represents a 25.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 252,361 shares of company stock worth $106,359,058 in the last three months. 3.32% of the stock is owned by insiders.

CrowdStrike Company 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.