OLD National Bancorp IN Invests $248,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

OLD National Bancorp IN acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 703 shares of the company's stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. Geode Capital Management LLC boosted its holdings in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after buying an additional 124,984 shares during the period. Norges Bank purchased a new position in CrowdStrike in the 4th quarter valued at approximately $1,111,542,000. Northern Trust Corp lifted its holdings in CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after purchasing an additional 324,136 shares in the last quarter. Finally, FMR LLC grew its stake in CrowdStrike by 15.0% during the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after acquiring an additional 287,960 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the sale, the chief executive officer now directly owns 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 13,543 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the transaction, the president now directly owns 405,308 shares of the company's stock, valued at approximately $145,351,554.96. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 252,361 shares of company stock worth $106,359,058. Insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Evercore ISI reaffirmed an "in-line" rating and issued a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Scotiabank boosted their price target on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Rosenblatt Securities raised their price objective on shares of CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. upped their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, Barclays set a $500.00 target price on CrowdStrike in a research note on Tuesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $453.17.

CrowdStrike Stock Up 1.6%

NASDAQ CRWD traded up $7.54 on Thursday, hitting $484.52. The stock had a trading volume of 1,563,380 shares, compared to its average volume of 5,021,969. The business's fifty day moving average price is $422.55 and its 200 day moving average price is $390.29. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $491.20. The stock has a market cap of $120.10 billion, a price-to-earnings ratio of 950.06, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The business's quarterly revenue was up 19.8% compared to the same quarter last year. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current 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.