Simplicity Wealth LLC Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Simplicity Wealth LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 96.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,353 shares of the company’s stock after buying an additional 666 shares during the period. Simplicity Wealth LLC’s holdings in CrowdStrike were worth $477,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CRWD. Primoris Wealth Advisors LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth $2,166,000. OLD National Bancorp IN purchased a new stake in shares of CrowdStrike in the 1st quarter worth $248,000. Arcadia Investment Management Corp MI increased its stake in shares of CrowdStrike by 30.8% in the 4th 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 in the last quarter. Trifecta Capital Advisors LLC increased its stake in shares of CrowdStrike by 2,140.3% in the 4th 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 in the last quarter. Finally, Delta Financial Group Inc. bought a new position in CrowdStrike in the 4th quarter worth $336,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on CRWD shares. Robert W. Baird dropped their target price on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. BMO Capital Markets upped their target price on shares of CrowdStrike from $405.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Mizuho upped their target price on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Stephens increased their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Finally, Royal Bank of Canada increased their price objective on shares of CrowdStrike from $500.00 to $510.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $453.17.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. This trade represents a 0.81% decrease in their position. The transaction 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 on Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now owns 89,714 shares in the company, valued at $31,669,042. This represents a 4.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 252,361 shares of company stock valued at $106,359,058 in the last quarter. Company insiders own 3.32% of the company’s stock.

CrowdStrike Trading Up 2.0%

Shares of NASDAQ:CRWD opened at $476.98 on Thursday. The stock has a market capitalization of $118.23 billion, a price-to-earnings ratio of 935.27, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $491.20. 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 50 day moving average price of $422.55 and a 200 day moving average price of $390.29.

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

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.