Amalgamated Bank Acquires 3,420 Shares of CrowdStrike (NASDAQ:CRWD)

Amalgamated Bank grew its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 7.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,079 shares of the company's stock after purchasing an additional 3,420 shares during the period. Amalgamated Bank's holdings in CrowdStrike were worth $18,009,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CRWD. Brighton Jones LLC increased its holdings in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of CrowdStrike by 10.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 752 shares of the company's stock worth $257,000 after acquiring an additional 69 shares during the period. SVB Wealth LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth $1,346,000. Cobblestone Capital Advisors LLC NY grew its holdings in shares of CrowdStrike by 4.1% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 1,105 shares of the company's stock worth $378,000 after acquiring an additional 44 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of CrowdStrike by 8.9% in the fourth quarter. Fisher Asset Management LLC now owns 2,429 shares of the company's stock worth $831,000 after acquiring an additional 199 shares during the period. Institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the subject of several research analyst reports. Stephens lifted their price objective on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Royal Bank Of Canada lifted their price objective on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. DZ Bank lowered CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective for the company. in a report on Thursday, May 22nd. Mizuho lifted their price objective on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Finally, KeyCorp cut 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. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus price target of $453.88.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,768 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the sale, the chief accounting officer now directly owns 41,251 shares of the company's stock, valued at $20,286,004.27. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 55,556 shares of the business'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 in the company, valued at $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 255,821 shares of company stock valued at $115,966,659 over the last ninety days. 3.32% of the stock is owned by insiders.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $499.33 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $124.46 billion, a P/E ratio of -723.67 and a beta of 1.16. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $506.35. The business's 50-day moving average is $452.08 and its 200 day moving average is $401.81.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. On average, equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.

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