OMC Financial Services LTD Invests $3.46 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

OMC Financial Services LTD purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,788 shares of the company’s stock, valued at approximately $3,459,000. CrowdStrike makes up 1.8% of OMC Financial Services LTD’s investment portfolio, making the stock its 16th largest holding.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in CrowdStrike in the fourth quarter valued at approximately $683,336,000. Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $450,418,000. Jennison Associates LLC increased its holdings in CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after purchasing an additional 1,581,796 shares during the last quarter. Vanguard Group Inc. lifted its stake in 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 boosted its holdings in CrowdStrike by 22,542.6% during the fourth quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock worth $187,481,000 after buying an additional 731,057 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Burt W. Podbere sold 12,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $329.10, for a total value of $3,949,200.00. Following the completion of the sale, the chief financial officer now owns 308,593 shares of the company’s stock, valued at $101,557,956.30. The disclosure for this sale can be found here. Insiders sold 147,643 shares of company stock valued at $54,992,604 in the last quarter. 4.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on CRWD. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 price target on shares of CrowdStrike in a research report on Friday, June 21st. JMP Securities reissued a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Tuesday, May 14th. Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and decreased their price target for the company from $380.00 to $275.00 in a report on Thursday, July 18th. Evercore ISI reduced their target price on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Oppenheimer increased their price target on CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $351.76.

CrowdStrike Stock Performance

Shares of CRWD stock traded down $6.33 on Friday, reaching $217.89. The stock had a trading volume of 8,978,108 shares, compared to its average volume of 12,662,070. CrowdStrike Holdings, Inc. has a 12 month low of $140.52 and a 12 month high of $398.33. The firm has a market capitalization of $53.03 billion, a price-to-earnings ratio of 411.12, a P/E/G ratio of 11.79 and a beta of 1.10. The firm’s 50-day moving average is $342.74 and its two-hundred day moving average is $324.32. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data 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). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The business had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current fiscal 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.