Paulson Wealth Management Inc. Raises Holdings in CrowdStrike (NASDAQ:CRWD)

Paulson Wealth Management Inc. boosted its stake in shares of CrowdStrike (NASDAQ:CRWD) by 56.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,018 shares of the company’s stock after acquiring an additional 366 shares during the period. Paulson Wealth Management Inc.’s holdings in CrowdStrike were worth $359,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FSA Wealth Management LLC lifted its position in CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after acquiring an additional 23 shares during the period. Tradewinds Capital Management LLC lifted its position in CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company’s stock worth $51,000 after acquiring an additional 25 shares during the period. Close Asset Management Ltd lifted its position in CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company’s stock worth $46,000 after acquiring an additional 25 shares during the period. Ramirez Asset Management Inc. lifted its position in CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company’s stock worth $159,000 after acquiring an additional 25 shares during the period. Finally, Stratos Wealth Advisors LLC lifted its position in CrowdStrike by 0.9% during the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company’s stock worth $1,052,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 0.1%

Shares of CRWD opened at $424.49 on Monday. The stock’s 50-day moving average is $477.04 and its two-hundred day moving average is $425.84. The stock has a market cap of $105.80 billion, a PE ratio of -615.20 and a beta of 1.13. CrowdStrike has a 12 month low of $235.60 and a 12 month high of $517.98. 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 data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. Equities analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Denis Oleary sold 15,680 shares of the business’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the transaction, the director owned 36,906 shares in the company, valued at $17,306,330.58. The trade was a 29.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares in the company, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 214,414 shares of company stock valued at $101,484,738 over the last 90 days. Corporate insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRWD. UBS Group reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Canaccord Genuity Group reaffirmed a “hold” rating and set a $475.00 price objective (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Roth Capital raised their price target on CrowdStrike from $410.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Barclays set a $500.00 price target on CrowdStrike in a report on Tuesday, June 3rd. Finally, Macquarie assumed coverage on CrowdStrike in a report on Thursday, July 17th. They issued a “neutral” rating and a $465.00 price target for the company. One research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $461.17.

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.