Dfpg Investments LLC Grows Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Posted by on Jun 22nd, 2023

Dfpg Investments LLC grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 190.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,747 shares of the company’s stock after buying an additional 5,078 shares during the quarter. Dfpg Investments LLC’s holdings in CrowdStrike were worth $1,063,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. ARK Investment Management LLC grew its holdings in CrowdStrike by 39.9% during the 4th quarter. ARK Investment Management LLC now owns 116,495 shares of the company’s stock worth $12,266,000 after acquiring an additional 33,210 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in CrowdStrike by 11.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 119,282 shares of the company’s stock worth $12,476,000 after buying an additional 12,106 shares in the last quarter. Mutual Advisors LLC lifted its holdings in CrowdStrike by 2.2% during the fourth quarter. Mutual Advisors LLC now owns 10,795 shares of the company’s stock worth $1,137,000 after buying an additional 236 shares during the period. Pinnacle Associates Ltd. boosted its position in CrowdStrike by 1.4% during the 4th quarter. Pinnacle Associates Ltd. now owns 15,686 shares of the company’s stock valued at $2,197,000 after acquiring an additional 212 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. increased its holdings in shares of CrowdStrike by 4.1% in the 3rd quarter. Laurel Wealth Advisors Inc. now owns 2,403 shares of the company’s stock valued at $396,000 after acquiring an additional 95 shares during the period. Institutional investors own 61.40% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of recent research reports. BMO Capital Markets raised their price objective on CrowdStrike from $153.00 to $165.00 in a research report on Thursday, June 1st. TheStreet raised shares of CrowdStrike from a “d+” rating to a “c” rating in a research report on Wednesday, May 31st. Guggenheim reissued a “buy” rating and set a $147.00 target price on shares of CrowdStrike in a research report on Wednesday, March 8th. JPMorgan Chase & Co. lifted their price target on shares of CrowdStrike from $137.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 8th. Finally, Stifel Nicolaus increased their price objective on CrowdStrike from $125.00 to $128.00 in a report on Thursday, June 1st. Five analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.88.

CrowdStrike Price Performance

CrowdStrike stock opened at $143.85 on Thursday. The stock has a market capitalization of $34.11 billion, a P/E ratio of -221.31, a P/E/G ratio of 89.73 and a beta of 1.02. The company’s fifty day moving average price is $140.32 and its 200 day moving average price is $124.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.78 and a current ratio of 1.78. CrowdStrike Holdings, Inc. has a 1 year low of $92.25 and a 1 year high of $205.73.

CrowdStrike (NASDAQ:CRWD – Get Rating) last announced its earnings results on Wednesday, May 31st. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.13. CrowdStrike had a negative net margin of 6.18% and a negative return on equity of 8.76%. The business had revenue of $692.58 million for the quarter, compared to analyst estimates of $677.30 million. As a group, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

About CrowdStrike

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CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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