Riggs Asset Managment Co. Inc. Purchases 166 Shares of CrowdStrike (NASDAQ:CRWD)

Riggs Asset Managment Co. Inc. boosted its position in shares of CrowdStrike (NASDAQ:CRWD) by 3.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 5,217 shares of the company’s stock after acquiring an additional 166 shares during the period. Riggs Asset Managment Co. Inc.’s holdings in CrowdStrike were worth $1,840,000 at the end of the most recent reporting period.

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

CrowdStrike Price Performance

CRWD opened at $513.77 on Friday. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $463.46 and its 200-day simple moving average is $406.27. The company has a market capitalization of $128.06 billion, a price-to-earnings ratio of -744.59 and a beta of 1.16.

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

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,768 shares of CrowdStrike stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total transaction of $869,449.36. Following the completion of the sale, the chief accounting officer directly owned 41,251 shares in the company, valued at approximately $20,286,004.27. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Kurtz sold 17,525 shares of the company’s stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $477.62, for a total value of $8,370,290.50. Following the completion of the transaction, the chief executive officer directly owned 2,175,154 shares in the company, valued at approximately $1,038,897,053.48. The trade was a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,571 shares of company stock valued at $115,469,993. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wedbush lifted their price target on CrowdStrike from $475.00 to $525.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 3rd. Scotiabank boosted their price objective on CrowdStrike from $370.00 to $480.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 4th. Susquehanna boosted their price objective on CrowdStrike from $425.00 to $530.00 and gave the stock a “positive” rating in a research note on Wednesday, June 4th. The Goldman Sachs Group raised their price target on CrowdStrike from $389.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Finally, Citigroup restated an “outperform” rating on shares of CrowdStrike in a research report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $453.88.

CrowdStrike Company 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.