SOA Wealth Advisors LLC. Boosts Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SOA Wealth Advisors LLC. lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 16.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 536 shares of the company’s stock after buying an additional 76 shares during the period. SOA Wealth Advisors LLC.’s holdings in CrowdStrike were worth $189,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CRWD. Vanguard Group Inc. lifted its stake in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after acquiring an additional 342,294 shares during the period. Geode Capital Management LLC grew its holdings in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike during the fourth quarter worth $1,111,542,000. Northern Trust Corp grew its holdings in shares of CrowdStrike by 16.6% during the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company’s stock worth $777,292,000 after buying an additional 324,136 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company’s stock valued at $754,179,000 after purchasing an additional 287,960 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Gerhard Watzinger sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total value of $4,890,000.00. Following the completion of the sale, the director now owns 29,500 shares of the company’s stock, valued at approximately $14,425,500. This trade represents a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $484.59, for a total value of $3,028,687.50. Following the completion of the sale, the director now directly owns 755,592 shares of the company’s stock, valued at approximately $366,152,327.28. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 211,681 shares of company stock valued at $87,081,236. 3.32% of the stock is owned by company insiders.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $468.41 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a fifty day moving average price of $415.18 and a 200 day moving average price of $388.50. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $491.20. The company has a market cap of $116.11 billion, a PE ratio of 918.47, a P/E/G ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company earned $0.93 earnings per share. CrowdStrike’s quarterly revenue was up 19.8% compared to the same quarter last year. Sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CRWD shares. Truist Financial reissued a “buy” rating and issued a $500.00 price objective (up previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Oppenheimer increased their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Mizuho increased their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. Stifel Nicolaus upped their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Finally, KeyCorp cut their target price on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $450.43.

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.