Oppenheimer Asset Management Inc. Purchases 1,911 Shares of CrowdStrike $CRWD

Oppenheimer Asset Management Inc. raised its stake in shares of CrowdStrike (NASDAQ:CRWD) by 6.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 31,787 shares of the company’s stock after acquiring an additional 1,911 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CrowdStrike were worth $15,588,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 2.6% in the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after acquiring an additional 596,007 shares during the period. State Street Corp increased its position in CrowdStrike by 3.6% in the second quarter. State Street Corp now owns 10,804,651 shares of the company’s stock worth $5,502,917,000 after purchasing an additional 370,965 shares during the last quarter. Geode Capital Management LLC lifted its position in CrowdStrike by 5.0% during the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock valued at $2,903,752,000 after purchasing an additional 273,922 shares during the last quarter. Laurel Wealth Advisors LLC grew its stake in shares of CrowdStrike by 54,635.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after buying an additional 4,285,640 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of CrowdStrike in the 2nd quarter worth about $1,638,365,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, Director Johanna Flower sold 3,000 shares of CrowdStrike stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $461.94, for a total value of $1,385,820.00. Following the completion of the sale, the director directly owned 76,082 shares in the company, valued at $35,145,319.08. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 11,461 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the transaction, the president directly owned 342,655 shares in the company, valued at $164,399,015.90. This trade represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 100,247 shares of company stock valued at $45,722,274. Company insiders own 3.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several recent research reports. Canaccord Genuity Group lifted their price target on CrowdStrike from $500.00 to $515.00 and gave the stock a “hold” rating in a research report on Wednesday, December 3rd. Oppenheimer raised their price objective on CrowdStrike from $560.00 to $580.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Mizuho set a $540.00 target price on CrowdStrike in a research report on Thursday, January 8th. Morgan Stanley increased their price target on CrowdStrike from $515.00 to $537.00 and gave the company an “equal weight” rating in a report on Thursday, December 18th. Finally, Barclays boosted their price objective on shares of CrowdStrike from $515.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Thirty-one research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $555.21.

CrowdStrike Trading Up 3.2%

Shares of CRWD opened at $408.04 on Tuesday. The firm has a market capitalization of $102.87 billion, a price-to-earnings ratio of -323.84, a PEG ratio of 22.63 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90. The company has a 50-day moving average of $468.45 and a 200 day moving average of $474.79.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. On average, research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.