Allstate Corp Invests $225,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Allstate Corp acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 701 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors have also recently made changes to their positions in CRWD. Norges Bank bought a new position in shares of CrowdStrike in the 4th quarter worth approximately $683,336,000. Pathstone Holdings LLC bought a new position in shares of CrowdStrike in the 4th quarter worth approximately $450,418,000. Jennison Associates LLC lifted its stake in shares of CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after purchasing an additional 1,581,796 shares during the period. Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after purchasing an additional 1,028,405 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of CrowdStrike by 22,542.6% in the 4th quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock worth $187,481,000 after purchasing an additional 731,057 shares during the period. Institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the transaction, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the transaction, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,675 shares of company stock worth $76,931,522. 4.34% of the stock is currently owned by insiders.

CrowdStrike Trading Down 13.5 %

CRWD traded down $41.05 during trading on Monday, reaching $263.91. The company had a trading volume of 49,396,173 shares, compared to its average volume of 4,695,072. CrowdStrike Holdings, Inc. has a 52 week low of $140.52 and a 52 week high of $398.33. The stock has a market cap of $64.23 billion, a P/E ratio of 498.46, a PEG ratio of 15.37 and a beta of 1.10. The business has a 50 day simple moving average of $361.67 and a 200-day simple moving average of $326.74. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last released 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 return on equity of 7.39% and a net margin of 4.01%. The business had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CRWD. Canaccord Genuity Group reiterated a “buy” rating and issued a $405.00 price objective on shares of CrowdStrike in a research note on Monday. BMO Capital Markets reduced their target price on shares of CrowdStrike from $425.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Needham & Company LLC reissued a “buy” rating and issued a $425.00 target price on shares of CrowdStrike in a report on Wednesday, June 5th. JPMorgan Chase & Co. increased their target price on shares of CrowdStrike from $371.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Finally, Wedbush reduced their target price on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $370.21.

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.