CrowdStrike (NASDAQ:CRWD) Stock Position Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 1.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,662,235 shares of the company's stock after purchasing an additional 29,907 shares during the period. Bank of New York Mellon Corp owned 0.67% of CrowdStrike worth $586,070,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. grew its holdings in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares in the last quarter. Sound Income Strategies LLC increased its position in CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in CrowdStrike in the 4th quarter valued at about $34,000. Millstone Evans Group LLC purchased a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $34,000. Finally, ST Germain D J Co. Inc. increased its holdings in shares of CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CRWD. Wedbush lifted their target price on CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Jefferies Financial Group lifted their price objective on CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Oppenheimer boosted their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, DA Davidson raised their price target on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $453.88.

CrowdStrike Stock Down 1.7%

NASDAQ:CRWD traded down $8.64 on Monday, reaching $505.46. The stock had a trading volume of 3,263,799 shares, compared to its average volume of 4,784,548. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. The stock has a market cap of $125.99 billion, a P/E ratio of 12,852.50 and a beta of 1.16. 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 50-day moving average of $463.46 and a 200 day moving average of $406.65.

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 the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 earnings per share. On average, research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In related news, President Michael Sentonas sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the transaction, the president owned 422,204 shares in the company, valued at $201,391,308. The trade was a 5.59% decrease in their position. The transaction 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 shares were sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the sale, the chief financial officer owned 249,653 shares in the company, valued at $109,068,402.64. The trade was a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 249,571 shares of company stock valued at $115,469,993 over the last 90 days. 3.32% of the stock is owned by corporate insiders.

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.