Geneos Wealth Management Inc. Has $9.44 Million Stake in CrowdStrike (NASDAQ:CRWD)

Geneos Wealth Management Inc. grew its position in CrowdStrike (NASDAQ:CRWD) by 48.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,771 shares of the company’s stock after purchasing an additional 8,710 shares during the quarter. Geneos Wealth Management Inc.’s holdings in CrowdStrike were worth $9,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 58 shares during the period. Neo Ivy Capital Management bought a new stake in shares of CrowdStrike in the first quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC boosted its stake in shares of CrowdStrike by 77.6% in the first quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock valued at $31,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $472.18 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $478.45 and a 200 day simple moving average of $420.40. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The company has a market capitalization of $117.69 billion, a price-to-earnings ratio of -684.32 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $0.93 EPS. The business’s revenue was up 19.8% compared to the same quarter last year. Sell-side analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Cfra reiterated a “hold” rating and issued a $555.00 price target (up from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. Roth Capital boosted their price target on CrowdStrike from $410.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Truist Financial reiterated a “buy” rating and issued a $500.00 price target (up from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a research note on Monday, May 5th. Finally, Scotiabank boosted their price target on CrowdStrike from $370.00 to $480.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $461.17.

Insider Activity

In other CrowdStrike news, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,667,553.70. This trade represents a 33.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total value of $3,202,687.50. Following the sale, the director owned 781,011 shares of the company’s stock, valued at approximately $400,213,466.73. The trade was a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 241,820 shares of company stock worth $113,297,985. 3.32% of the stock is owned by 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.