CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 24.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,993 shares of the company’s stock after buying an additional 44,678 shares during the quarter. ProShare Advisors LLC owned 0.09% of CrowdStrike worth $71,810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in CrowdStrike in the fourth quarter valued at $683,336,000. Pathstone Holdings LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at about $450,418,000. Jennison Associates LLC grew its position in shares of CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of CrowdStrike by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after buying an additional 1,028,405 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in CrowdStrike by 22,542.6% in the fourth quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock valued at $187,481,000 after acquiring an additional 731,057 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Anurag Saha sold 1,662 shares of CrowdStrike 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 completion of 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 SEC, which is available through the SEC website. Also, CFO Burt W. Podbere sold 15,753 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $305.15, for a total value of $4,807,027.95. Following the transaction, the chief financial officer now owns 313,994 shares in the company, valued at $95,815,269.10. The disclosure for this sale can be found here. Insiders sold 219,675 shares of company stock worth $76,931,522 in the last ninety days. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock traded down $12.10 during mid-day trading on Wednesday, reaching $356.95. The company had a trading volume of 2,635,259 shares, compared to its average volume of 4,086,632. The stock’s 50-day simple moving average is $360.66 and its 200-day simple moving average is $324.93. CrowdStrike Holdings, Inc. has a 1 year low of $140.52 and a 1 year high of $398.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market capitalization of $86.87 billion, a P/E ratio of 677.33, a P/E/G ratio of 19.02 and a beta of 1.10.

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). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The business had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. On average, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CRWD. Wedbush reduced their price objective on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Piper Sandler cut CrowdStrike from an “overweight” rating to a “neutral” rating and set a $400.00 price objective for the company. in a research report on Tuesday, July 2nd. Oppenheimer raised their target price on CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. Guggenheim reaffirmed a “buy” rating and issued a $424.00 price target on shares of CrowdStrike in a report on Tuesday, June 25th. Finally, Macquarie restated an “outperform” rating and set a $370.00 price objective on shares of CrowdStrike in a research report on Tuesday, March 19th. Two analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $381.81.

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.