Crossmark Global Holdings Inc. Boosts Stock Position in CrowdStrike (NASDAQ:CRWD)

Crossmark Global Holdings Inc. lifted its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,472 shares of the company's stock after acquiring an additional 728 shares during the period. Crossmark Global Holdings Inc.'s holdings in CrowdStrike were worth $4,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after buying an additional 2,417 shares in the last quarter. Assetmark Inc. increased its position in CrowdStrike by 69.5% in the 4th quarter. Assetmark Inc. now owns 522 shares of the company's stock valued at $179,000 after buying an additional 214 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in CrowdStrike during the 4th quarter valued at about $254,000. Larson Financial Group LLC boosted its stake in CrowdStrike by 6.9% during the 4th quarter. Larson Financial Group LLC now owns 1,360 shares of the company's stock valued at $465,000 after purchasing an additional 88 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its stake in CrowdStrike by 4.4% during the 4th quarter. Johnson Investment Counsel Inc. now owns 830 shares of the company's stock valued at $284,000 after purchasing an additional 35 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Denis Oleary sold 15,680 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the transaction, the director directly owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This trade represents a 29.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 16,000 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer directly owned 249,653 shares in the company, valued at $109,068,402.64. This trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 255,821 shares of company stock valued at $118,672,681. Company insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of analyst reports. BMO Capital Markets lifted their price target on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Needham & Company LLC lifted their price target on CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Stifel Nicolaus boosted their target price on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Sanford C. Bernstein downgraded CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price on the stock. in a research note on Friday, June 6th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $456.29.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $26.40 during trading on Thursday, hitting $487.11. The stock had a trading volume of 4,172,086 shares, compared to its average volume of 4,770,246. The firm has a market cap of $121.41 billion, a price-to-earnings ratio of -705.96 and a beta of 1.16. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98. The business's 50-day moving average is $468.34 and its 200 day moving average is $409.08. 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 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 business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm's revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

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.