CrowdStrike (NASDAQ:CRWD) Shares Purchased by Brown Advisory Inc.

Brown Advisory Inc. boosted its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,317 shares of the company's stock after buying an additional 812 shares during the quarter. Brown Advisory Inc.'s holdings in CrowdStrike were worth $8,221,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 1.6% in 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 during the period. Geode Capital Management LLC raised its position in CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after purchasing an additional 124,984 shares in the last quarter. Norges Bank acquired a new position in CrowdStrike in the fourth quarter worth about $1,111,542,000. Northern Trust Corp raised its position in CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after purchasing an additional 324,136 shares in the last quarter. Finally, FMR LLC raised its position in CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after purchasing an additional 287,960 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 10,714 shares of CrowdStrike stock in a transaction dated 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 transaction, the chief financial officer owned 239,008 shares in the company, valued at $112,211,865.92. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the transaction, the director owned 18,858 shares in the company, valued at $9,667,553.70. This trade represents a 33.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 253,221 shares of company stock valued at $117,687,463 over the last three months. 3.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CRWD has been the subject of several recent analyst reports. Barclays set a $500.00 price objective on shares of CrowdStrike in a report on Tuesday, June 3rd. 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 report on Wednesday, June 4th. Wells Fargo & Company lifted their price target on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Cantor Fitzgerald boosted their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Finally, Roth Capital boosted their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average price target of $456.40.

CrowdStrike Trading Down 0.6%

CRWD traded down $2.90 during trading on Tuesday, reaching $473.28. The company had a trading volume of 2,518,719 shares, compared to its average volume of 4,765,229. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The stock has a market cap of $117.97 billion, a P/E ratio of -685.91 and a beta of 1.16. The business has a 50 day simple moving average of $470.85 and a 200-day simple moving average of $412.20. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company earned $0.93 earnings per share. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.