Alphabet Inc. trimmed its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 82.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,230 shares of the company's stock after selling 353,665 shares during the period. CrowdStrike comprises about 1.7% of Alphabet Inc.'s investment portfolio, making the stock its 14th largest position. Alphabet Inc.'s holdings in CrowdStrike were worth $26,172,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in CrowdStrike by 1.6% in the 4th 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after acquiring an additional 124,984 shares during the last quarter. Norges Bank acquired a new position in shares of CrowdStrike during the 4th quarter valued at about $1,111,542,000. Northern Trust Corp increased its stake in shares of CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after acquiring an additional 324,136 shares during the last quarter. Finally, FMR LLC increased its stake in shares of CrowdStrike by 15.0% during the 4th 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 during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director Roxanne S. Austin sold 15,000 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director directly owned 18,858 shares in the company, valued at $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Burt W. Podbere sold 16,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the transaction, the chief financial officer owned 249,653 shares in the company, valued at $109,068,402.64. This trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,294 shares of company stock valued at $118,670,500 over the last three months. 3.32% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on CRWD shares. Royal Bank Of Canada upped their price objective on shares of CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Cantor Fitzgerald upped their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Stephens upped their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Roth Capital upped their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, DZ Bank downgraded shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective for the company. in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $456.60.
Read Our Latest Stock Analysis on CRWD
CrowdStrike Stock Down 0.1%
Shares of CRWD stock traded down $0.62 during mid-day trading on Thursday, reaching $469.83. 2,253,633 shares of the company were exchanged, compared to its average volume of 4,762,773. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $117.11 billion, a P/E ratio of -680.91 and a beta of 1.16. The business's 50 day simple moving average is $473.24 and its 200 day simple moving average is $413.85.
CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the business posted $0.93 earnings per share. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. Research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.
CrowdStrike Profile
(
Free Report)
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.
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