CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 72.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,240 shares of the company's stock after buying an additional 12,315 shares during the period. CrowdStrike accounts for approximately 1.6% of Abacus FCF Advisors LLC's investment portfolio, making the stock its 26th largest holding. Abacus FCF Advisors LLC's holdings in CrowdStrike were worth $10,309,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CRWD. Vanguard Group Inc. lifted its stake 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 buying an additional 342,294 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the period. Norges Bank acquired a new stake in CrowdStrike during the 4th quarter valued at $1,111,542,000. Northern Trust Corp increased its holdings in shares of CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after purchasing an additional 324,136 shares in the last quarter. Finally, FMR LLC boosted its holdings in CrowdStrike by 15.0% during the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after buying an additional 287,960 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

CRWD stock traded up $3.07 during mid-day trading on Friday, reaching $484.80. 1,165,297 shares of the company traded hands, compared to its average volume of 5,010,846. The company has a fifty day moving average price of $425.70 and a 200-day moving average price of $391.11. The company has a market capitalization of $120.17 billion, a P/E ratio of 950.22, a P/E/G ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $491.20. 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 released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS 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 during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $0.93 EPS. The business's revenue for the quarter was up 19.8% on a year-over-year basis. As a group, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

CRWD has been the subject of a number of research reports. JMP Securities reiterated a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a report on Wednesday, June 4th. KeyCorp decreased their price objective on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Truist Financial reissued a "buy" rating and set a $500.00 price target (up from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. JPMorgan Chase & Co. increased their price objective on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, BTIG Research restated a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $453.17.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now directly owns 89,714 shares in the company, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 252,361 shares of company stock worth $106,359,058. 3.32% of the stock is currently owned by insiders.

CrowdStrike 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.