836 Shares in CrowdStrike (NASDAQ:CRWD) Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. acquired a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 836 shares of the company's stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRWD. Norges Bank bought a new position in CrowdStrike in the 4th quarter worth about $1,111,542,000. GAMMA Investing LLC boosted its holdings in shares of CrowdStrike by 50,536.2% in the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after purchasing an additional 1,084,506 shares during the period. Pathstone Holdings LLC grew its stake in CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares in the last quarter. Voya Investment Management LLC increased its holdings in CrowdStrike by 43.5% during the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after purchasing an additional 582,471 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in CrowdStrike by 2,586.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock valued at $143,055,000 after purchasing an additional 402,531 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

CrowdStrike stock traded down $2.27 during mid-day trading on Monday, hitting $476.18. The company had a trading volume of 3,330,418 shares, compared to its average volume of 3,914,392. The company's fifty day moving average is $470.20 and its 200-day moving average is $411.35. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. The company has a market capitalization of $118.69 billion, a price-to-earnings ratio of -690.12 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.

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 the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. Equities research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Analyst Ratings Changes

CRWD has been the topic of a number of recent research reports. The Goldman Sachs Group increased their price target on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Jefferies Financial Group boosted their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Needham & Company LLC upped their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Truist Financial reissued a "buy" rating and set a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average price target of $456.40.

Insider Transactions at CrowdStrike

In related news, CFO Burt W. Podbere sold 10,714 shares of the business's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $469.49, for a total value of $5,030,115.86. Following the sale, the chief financial officer owned 239,008 shares in the company, valued at approximately $112,211,865.92. The trade was a 4.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total value of $3,202,687.50. Following the transaction, the director owned 781,011 shares of the company's stock, valued at $400,213,466.73. This trade represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 253,221 shares of company stock worth $117,687,463 in the last three months. Company insiders own 3.32% of the company's stock.

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.