CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by US Bancorp DE

US Bancorp DE lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,066 shares of the company’s stock after purchasing an additional 2,417 shares during the period. US Bancorp DE’s holdings in CrowdStrike were worth $20,860,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SP Asset Management LLC purchased a new position in CrowdStrike during the 1st quarter valued at about $224,000. Russell Investments Group Ltd. raised its position in CrowdStrike by 14.6% during the first quarter. Russell Investments Group Ltd. now owns 253,207 shares of the company’s stock valued at $81,274,000 after acquiring an additional 32,248 shares in the last quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. lifted its stake in shares of CrowdStrike by 0.4% in the 1st quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. now owns 113,012 shares of the company’s stock valued at $36,231,000 after purchasing an additional 465 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of CrowdStrike by 0.7% during the 1st quarter. QRG Capital Management Inc. now owns 20,479 shares of the company’s stock worth $6,565,000 after acquiring an additional 139 shares in the last quarter. Finally, Thoroughbred Financial Services LLC boosted its position in CrowdStrike by 6.8% during the first quarter. Thoroughbred Financial Services LLC now owns 13,257 shares of the company’s stock worth $4,250,000 after purchasing an additional 841 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In related news, President Michael Sentonas sold 10,735 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares in the company, valued at $156,502,114.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the transaction, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, 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. Insiders sold 219,675 shares of company stock valued at $76,931,522 over the last three months. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 4.2 %

Shares of NASDAQ CRWD traded down $15.58 during mid-day trading on Wednesday, reaching $353.47. 1,957,696 shares of the company’s stock were exchanged, compared to its average volume of 4,081,650. CrowdStrike Holdings, Inc. has a twelve month low of $140.52 and a twelve month high of $398.33. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $86.02 billion, a price-to-earnings ratio of 677.33, a PEG ratio of 19.02 and a beta of 1.10. The business has a fifty day simple moving average of $360.66 and a 200 day simple moving average of $324.93.

CrowdStrike (NASDAQ:CRWD) last announced its 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). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. DA Davidson reduced their price objective on shares of CrowdStrike from $425.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Rosenblatt Securities raised their price target on CrowdStrike from $415.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. KeyCorp dropped their price objective on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $425.00 target price on shares of CrowdStrike in a research note on Wednesday, June 5th. Finally, Oppenheimer raised 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. Two investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $381.81.

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.