Pacific Wealth Strategies Group Inc. Has $2.80 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pacific Wealth Strategies Group Inc. increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,742 shares of the company’s stock after purchasing an additional 141 shares during the period. CrowdStrike makes up 2.3% of Pacific Wealth Strategies Group Inc.’s portfolio, making the stock its 13th biggest position. Pacific Wealth Strategies Group Inc.’s holdings in CrowdStrike were worth $2,803,000 as of its most recent SEC filing.

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

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the company’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 transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The disclosure for this sale can be found here. Insiders sold a total of 219,675 shares of company stock worth $76,681,402 over the last quarter. Company insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CRWD. Macquarie restated an “outperform” rating and set a $370.00 target price on shares of CrowdStrike in a report on Tuesday, March 19th. DA Davidson decreased their price objective on shares of CrowdStrike from $425.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 target price on shares of CrowdStrike in a research report on Friday, June 21st. Needham & Company LLC reissued a “buy” rating and set a $425.00 price target on shares of CrowdStrike in a research note on Wednesday, June 5th. Finally, FBN Securities upgraded shares of CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $382.35.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $1.03 during midday trading on Monday, hitting $390.71. 2,967,515 shares of the company’s stock were exchanged, compared to its average volume of 4,126,839. CrowdStrike Holdings, Inc. has a 12 month low of $140.52 and a 12 month high of $397.12. The company’s 50 day moving average price is $352.33 and its 200 day moving average price is $319.93. 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 has a market capitalization of $95.08 billion, a PE ratio of 737.20, a price-to-earnings-growth ratio of 19.64 and a beta of 1.10.

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

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.