Azzad Asset Management Inc. ADV Sells 80 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Azzad Asset Management Inc. ADV decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,297 shares of the company’s stock after selling 80 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in CrowdStrike were worth $4,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CRWD. O Shaughnessy Asset Management LLC lifted its position in CrowdStrike by 289.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 8,006 shares of the company’s stock worth $1,340,000 after buying an additional 5,951 shares during the last quarter. Bank of Nova Scotia lifted its position in CrowdStrike by 123.1% in the third quarter. Bank of Nova Scotia now owns 17,379 shares of the company’s stock valued at $2,909,000 after purchasing an additional 9,589 shares during the last quarter. AQR Capital Management LLC lifted its position in CrowdStrike by 46.0% in the third quarter. AQR Capital Management LLC now owns 134,587 shares of the company’s stock valued at $22,527,000 after purchasing an additional 42,379 shares during the last quarter. Truist Financial Corp lifted its position in CrowdStrike by 16.2% in the third quarter. Truist Financial Corp now owns 109,252 shares of the company’s stock valued at $18,287,000 after purchasing an additional 15,255 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in CrowdStrike by 17.9% in the third quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock valued at $463,482,000 after purchasing an additional 419,619 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of several recent research reports. Mizuho lowered their price objective on CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. DA Davidson decreased their target price on CrowdStrike from $425.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. JPMorgan Chase & Co. upped their target price on CrowdStrike from $371.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, May 29th. Oppenheimer upped their target price on CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, June 5th. Finally, UBS Group upped their target price on CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $382.35.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the transaction, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The disclosure for this sale can be found here. Over the last three months, insiders have sold 219,675 shares of company stock valued at $76,681,402. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $4.08 on Wednesday, hitting $389.13. The stock had a trading volume of 562,630 shares, compared to its average volume of 4,147,270. The stock has a market cap of $94.70 billion, a price-to-earnings ratio of 734.22, a price-to-earnings-growth ratio of 19.31 and a beta of 1.10. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The business’s 50-day simple moving average is $345.31 and its two-hundred day simple moving average is $316.23. CrowdStrike Holdings, Inc. has a 52-week low of $139.37 and a 52-week high of $394.64.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm 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, research analysts predict that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current year.

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.