Rehmann Capital Advisory Group Grows Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Rehmann Capital Advisory Group increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,174 shares of the company’s stock after buying an additional 75 shares during the quarter. Rehmann Capital Advisory Group’s holdings in CrowdStrike were worth $376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRWD. CVA Family Office LLC purchased a new position in shares of CrowdStrike during the fourth quarter worth about $26,000. Hexagon Capital Partners LLC purchased a new stake in CrowdStrike in the 4th quarter valued at approximately $26,000. Silver Oak Securities Incorporated purchased a new stake in CrowdStrike in the 3rd quarter valued at approximately $27,000. Bear Mountain Capital Inc. purchased a new stake in CrowdStrike in the 4th quarter valued at approximately $27,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in CrowdStrike in the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRWD. Morgan Stanley lifted their price objective on CrowdStrike from $372.00 to $422.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. lifted their price objective on CrowdStrike from $371.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. BMO Capital Markets decreased their price target on CrowdStrike from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. FBN Securities raised CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Tuesday, May 14th. Two analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $382.35.

CrowdStrike Price Performance

NASDAQ CRWD traded up $3.81 on Thursday, reaching $378.26. 605,321 shares of the stock traded hands, compared to its average volume of 4,105,214. The company has a market cap of $92.05 billion, a price-to-earnings ratio of 706.51, a P/E/G ratio of 19.69 and a beta of 1.10. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm’s fifty day simple moving average is $355.78 and its 200 day simple moving average is $321.22. CrowdStrike Holdings, Inc. has a 12 month low of $140.52 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 56,279 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the sale, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO George Kurtz sold 56,279 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the completion of the sale, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders sold a total of 219,675 shares of company stock valued at $76,681,402 in the last three months. 4.34% of the stock is currently owned by corporate 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.