Crossmark Global Holdings Inc. Purchases 728 Shares of CrowdStrike (NASDAQ:CRWD)

Crossmark Global Holdings Inc. grew its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,472 shares of the company's stock after purchasing 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.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after acquiring an additional 342,294 shares in the last quarter. Geode Capital Management LLC lifted its holdings in CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Norges Bank acquired a new position in CrowdStrike during the 4th quarter worth $1,111,542,000. Northern Trust Corp lifted its holdings in CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after buying an additional 324,136 shares in the last quarter. Finally, FMR LLC lifted its holdings in CrowdStrike by 15.0% during 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 in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity

In other CrowdStrike news, CFO Burt W. Podbere sold 10,714 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $469.49, for a total transaction of $5,030,115.86. Following the completion of the sale, the chief financial officer directly owned 239,008 shares in the company, valued at $112,211,865.92. This trade represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,768 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the transaction, the chief accounting officer directly owned 41,251 shares in the company, valued at $20,286,004.27. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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 Analysts Forecast Growth

CRWD has been the topic of several research reports. Sanford C. Bernstein downgraded CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective on the stock. in a report on Friday, June 6th. DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price for the company. in a research report on Thursday, May 22nd. Morgan Stanley upped their target price on shares of CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Truist Financial reiterated a "buy" rating and set a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Barclays set a $500.00 target price on shares of CrowdStrike in a research report on Tuesday, June 3rd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $456.29.

CrowdStrike Stock Performance

NASDAQ:CRWD traded down $8.66 during mid-day trading on Friday, hitting $478.45. The stock had a trading volume of 3,368,651 shares, compared to its average volume of 4,764,696. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The stock has a market cap of $119.25 billion, a price-to-earnings ratio of -693.41 and a beta of 1.16. The company's 50 day simple moving average is $469.44 and its 200 day simple moving average is $409.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion during 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 business's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period last year, the business posted $0.93 earnings per share. On average, equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

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.