2,450 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Purchased by Disciplined Equity Management Inc.

Disciplined Equity Management Inc. acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,450 shares of the company’s stock, valued at approximately $785,000.

Several other institutional investors and hedge funds have 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 about $683,336,000. Pathstone Holdings LLC bought a new position in CrowdStrike during the fourth quarter valued at $450,418,000. Jennison Associates LLC increased its position in CrowdStrike by 33.2% in 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 during the last quarter. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of CrowdStrike by 22,542.6% during the 4th quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock valued at $187,481,000 after buying an additional 731,057 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the sale, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO George Kurtz sold 56,279 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the completion of the transaction, the chief executive officer now owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the transaction, the director now owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders sold a total of 219,675 shares of company stock worth $76,681,402 over the last quarter. 4.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group lifted their price objective on CrowdStrike from $400.00 to $405.00 and gave the stock a “buy” rating 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 target for the company. in a research report on Tuesday, July 2nd. Needham & Company LLC reissued a “buy” rating and set a $425.00 price objective on shares of CrowdStrike in a report on Wednesday, June 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 target price on shares of CrowdStrike in a report on Friday, June 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $420.00 price target on shares of CrowdStrike in a report on Wednesday, June 5th. Two equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $382.35.

CrowdStrike Trading Down 1.1 %

NASDAQ:CRWD traded down $4.02 during midday trading on Thursday, reaching $370.43. 3,121,880 shares of the stock traded hands, compared to its average volume of 4,124,256. The stock has a market capitalization of $90.15 billion, a P/E ratio of 710.36, a PEG ratio of 19.69 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12 month low of $140.52 and a 12 month high of $398.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The company has a fifty day moving average of $355.78 and a 200 day moving average of $321.22.

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

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.