MGO Private Wealth LLC Purchases 466 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

MGO Private Wealth LLC boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 28.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,133 shares of the company’s stock after acquiring an additional 466 shares during the period. MGO Private Wealth LLC’s holdings in CrowdStrike were worth $684,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. CVA Family Office LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth about $26,000. Hexagon Capital Partners LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth about $26,000. Silver Oak Securities Incorporated purchased a new stake in shares of CrowdStrike in the 3rd quarter worth about $27,000. Bear Mountain Capital Inc. purchased a new stake in shares of CrowdStrike in the 4th quarter worth about $27,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike in the 1st quarter worth about $30,000. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRWD. Needham & Company LLC reissued a “buy” rating and set a $425.00 price target on shares of CrowdStrike in a research report on Wednesday, June 5th. Susquehanna lifted their target price on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a report on Thursday, March 7th. UBS Group lifted their target price on shares of CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Wells Fargo & Company boosted their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Finally, Citigroup upped their price target on shares of CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $380.62.

CrowdStrike Stock Performance

NASDAQ CRWD traded up $8.96 on Monday, hitting $392.15. 2,802,100 shares of the company’s stock traded hands, compared to its average volume of 4,177,615. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike Holdings, Inc. has a 1-year low of $139.37 and a 1-year high of $394.64. The firm’s 50-day moving average price is $341.55 and its two-hundred day moving average price is $314.36. The firm has a market capitalization of $95.43 billion, a PE ratio of 726.85, a P/E/G ratio of 19.31 and a beta of 1.08.

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

Insider Activity

In other news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders sold a total of 219,675 shares of company stock valued at $75,730,552 in the last three months. 4.34% of the stock is currently owned by corporate insiders.

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.