Segment Wealth Management LLC Grows Holdings in CrowdStrike (NASDAQ:CRWD)

Segment Wealth Management LLC increased its position in shares of CrowdStrike (NASDAQ:CRWD) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,200 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Segment Wealth Management LLC’s holdings in CrowdStrike were worth $776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Primoris Wealth Advisors LLC purchased a new position in CrowdStrike in the fourth quarter valued at about $2,166,000. OLD National Bancorp IN purchased a new position in CrowdStrike in the first quarter valued at about $248,000. Arcadia Investment Management Corp MI boosted its stake in CrowdStrike by 30.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after acquiring an additional 2,814 shares during the last quarter. Trifecta Capital Advisors LLC boosted its stake in CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after acquiring an additional 8,561 shares during the last quarter. Finally, Delta Financial Group Inc. purchased a new position in CrowdStrike in the fourth quarter valued at about $336,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of research analyst reports. Rosenblatt Securities boosted their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, June 2nd. Cantor Fitzgerald boosted their target price on shares of CrowdStrike from $440.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Truist Financial reiterated a “buy” rating and issued a $500.00 target price (up from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Bank of America reissued a “neutral” rating and issued a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, DA Davidson boosted their price target on shares of CrowdStrike from $415.00 to $530.00 and gave the company a “buy” rating in a research 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 assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $453.17.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $476.30 on Friday. The company’s fifty day moving average price is $440.62 and its 200-day moving average price is $396.60. The firm has a market capitalization of $118.72 billion, a price-to-earnings ratio of -690.29 and a beta of 1.16. CrowdStrike has a one year low of $200.81 and a one year high of $493.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 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 analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. On average, equities research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 2,547 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $365.96, for a total value of $932,100.12. Following the completion of the sale, the insider now owns 82,071 shares of the company’s stock, valued at approximately $30,034,703.16. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $482.50, for a total transaction of $4,825,000.00. Following the completion of the sale, the director now directly owns 18,297 shares of the company’s stock, valued at $8,828,302.50. This trade represents a 35.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 201,748 shares of company stock valued at $89,478,971 in the last quarter. Insiders own 3.32% of the company’s stock.

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.