CrowdStrike (NASDAQ:CRWD) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,179 shares of the company's stock after purchasing an additional 3,311 shares during the period. Cerity Partners LLC owned 0.11% of CrowdStrike worth $98,080,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. lifted its position in shares of CrowdStrike by 20.4% in the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after acquiring an additional 215 shares in the last quarter. Primoris Wealth Advisors LLC purchased a new position in CrowdStrike in the 4th quarter valued at about $2,166,000. OLD National Bancorp IN acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $248,000. Bessemer Group Inc. grew its holdings in shares of CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after buying an additional 98 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. acquired a new position in shares of CrowdStrike in the fourth quarter valued at approximately $284,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Down 1.8%

Shares of CrowdStrike stock traded down $8.66 on Friday, hitting $478.45. 3,377,761 shares of the company's stock traded hands, compared to its average volume of 4,771,280. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market cap of $119.25 billion, a P/E ratio of 12,177.75 and a beta of 1.16. The firm's 50-day moving average is $469.44 and its 200 day moving average is $409.94.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm's revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. Equities analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other 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 value of $11,925,000.00. Following the completion of the sale, the president directly owned 422,204 shares in the company, valued at approximately $201,391,308. The trade was a 5.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $7,465,050.00. Following the transaction, the director 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,821 shares of company stock valued at $118,672,681. Corporate insiders own 3.32% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CRWD shares. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Stephens increased their price target on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Truist Financial reaffirmed a "buy" rating and issued a $500.00 price objective (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Cantor Fitzgerald upped their target price on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Finally, Piper Sandler downgraded CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 target price on the stock. in a research report on Monday. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $456.29.

CrowdStrike Company 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.