Clare Market Investments LLC Has $2.52 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Clare Market Investments LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 28.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,149 shares of the company's stock after acquiring an additional 1,600 shares during the period. CrowdStrike comprises approximately 0.7% of Clare Market Investments LLC's portfolio, making the stock its 27th largest position. Clare Market Investments LLC's holdings in CrowdStrike were worth $2,521,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CRWD. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 342,294 shares during the period. Geode Capital Management LLC lifted its stake in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Norges Bank purchased a new stake in CrowdStrike during the 4th quarter worth about $1,111,542,000. Northern Trust Corp lifted its stake in shares of CrowdStrike by 16.6% during the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after buying an additional 324,136 shares during the period. Finally, FMR LLC boosted its stake in CrowdStrike by 15.0% in the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after buying an additional 287,960 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research reports. Evercore ISI reissued an "in-line" rating and issued a $440.00 price objective (down from $450.00) on shares of CrowdStrike in a research report on Wednesday. Oppenheimer lifted their target price on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wedbush increased their price objective on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a report on Tuesday. DA Davidson increased their target price on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Royal Bank of Canada increased their target price on shares of CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $450.43.

CrowdStrike Price Performance

CRWD stock traded up $5.47 during trading on Friday, hitting $468.41. The company had a trading volume of 4,338,578 shares, compared to its average volume of 5,112,446. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average price of $413.06 and a two-hundred day moving average price of $387.23. The company has a market cap of $116.11 billion, a P/E ratio of 918.47, a P/E/G ratio of 17.86 and a beta of 1.22.

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 analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total value of $4,890,000.00. Following the transaction, the director now directly owns 29,500 shares in the company, valued at approximately $14,425,500. This trade represents a 25.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 13,543 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares of the company's stock, valued at $145,351,554.96. This trade represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 211,681 shares of company stock valued at $87,081,236. 3.32% of the stock is currently owned by corporate insiders.

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.