Bokf Na Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bokf Na grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 27.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,181 shares of the company’s stock after acquiring an additional 2,658 shares during the period. Bokf Na’s holdings in CrowdStrike were worth $3,893,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CRWD. Beck Capital Management LLC grew its stake in CrowdStrike by 9.8% during the first quarter. Beck Capital Management LLC now owns 25,218 shares of the company’s stock valued at $8,084,000 after acquiring an additional 2,246 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of CrowdStrike by 118.9% in the first quarter. Lazard Asset Management LLC now owns 29,819 shares of the company’s stock worth $9,558,000 after purchasing an additional 16,197 shares during the period. LRI Investments LLC purchased a new stake in shares of CrowdStrike in the first quarter worth $147,000. Truvestments Capital LLC bought a new stake in CrowdStrike during the first quarter valued at $206,000. Finally, Quadrature Capital Ltd bought a new stake in CrowdStrike during the first quarter valued at $33,775,000. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CRWD shares. Guggenheim cut CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $405.00 target price on shares of CrowdStrike in a research note on Monday, July 22nd. Citigroup cut their price target on shares of CrowdStrike from $425.00 to $345.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of CrowdStrike from $371.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $358.21.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded up $6.55 during trading on Monday, hitting $262.71. 3,682,355 shares of the company’s stock traded hands, compared to its average volume of 5,030,837. CrowdStrike Holdings, Inc. has a 1 year low of $140.52 and a 1 year high of $398.33. The business has a 50-day simple moving average of $354.16 and a 200-day simple moving average of $326.67. 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 stock has a market capitalization of $63.93 billion, a P/E ratio of 483.33, a PEG ratio of 13.09 and a beta of 1.10.

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

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 56,279 shares of the company’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 transaction of $17,131,890.39. Following the sale, the chief executive officer now directly 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 can be accessed through this hyperlink. In related news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 56,279 shares of the business’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 sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at $348,868,471.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,675 shares of company stock valued at $76,931,522. Insiders own 4.34% of the company’s stock.

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.