Daymark Wealth Partners LLC Has $2.48 Million Position in CrowdStrike (NASDAQ:CRWD)

Daymark Wealth Partners LLC cut its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,039 shares of the company’s stock after selling 227 shares during the quarter. Daymark Wealth Partners LLC’s holdings in CrowdStrike were worth $2,482,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CRWD. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 58 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock worth $31,000 after acquiring an additional 38 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Millstone Evans Group LLC acquired a new position in CrowdStrike in the 4th quarter valued at $34,000. Finally, ST Germain D J Co. Inc. grew its holdings in CrowdStrike by 426.3% in the 1st 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 in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research reports. DA Davidson upped their price objective on CrowdStrike from $415.00 to $530.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Robert W. Baird decreased their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Wells Fargo & Company upped their price objective on CrowdStrike from $430.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, June 2nd. Sanford C. Bernstein lowered CrowdStrike from an “outperform” rating to a “market perform” rating and set a $371.00 price objective on the stock. in a report on Friday, June 6th. Finally, Royal Bank Of Canada upped their price objective on CrowdStrike from $500.00 to $510.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $453.88.

CrowdStrike Price Performance

Shares of CRWD stock opened at $494.09 on Thursday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $500.41. The company has a market cap of $123.15 billion, a P/E ratio of -716.07 and a beta of 1.16. The business has a fifty day simple moving average of $447.02 and a 200 day simple moving average of $399.20.

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

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares of the company’s stock, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,768 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total value of $869,449.36. Following the completion of the sale, the chief accounting officer now directly owns 41,251 shares of the company’s stock, valued at approximately $20,286,004.27. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 240,821 shares of company stock worth $108,501,609. 3.32% of the stock is currently owned by insiders.

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.