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

Crossmark Global Holdings Inc. grew its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CRWD. Vanguard Group Inc. increased its position in CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 acquiring an additional 124,984 shares during the last quarter. Norges Bank purchased a new position in CrowdStrike in the fourth quarter worth approximately $1,111,542,000. Northern Trust Corp raised its holdings in CrowdStrike by 16.6% during 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 increased its holdings in shares of CrowdStrike by 15.0% in the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after acquiring an additional 287,960 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CRWD has been the topic of a number of analyst reports. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Needham & Company LLC upped their target price on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Stifel Nicolaus increased their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Piper Sandler downgraded shares of CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price objective for the company. in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $453.88.

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the transaction, the chief financial officer owned 249,653 shares of the company's stock, valued at approximately $109,068,402.64. This represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roxanne S. Austin sold 15,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,821 shares of company stock valued at $118,672,681 in the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

CrowdStrike stock traded up $5.80 on Wednesday, reaching $513.51. 1,865,652 shares of the stock were exchanged, compared to its average volume of 4,769,610. The stock has a market cap of $127.99 billion, a PE ratio of -744.22 and a beta of 1.16. 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 has a twelve month low of $200.81 and a twelve month high of $517.98. The firm has a fifty day moving average price of $466.64 and a two-hundred day moving average price of $408.35.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates 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 for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share. Sell-side analysts anticipate that CrowdStrike will post 0.55 EPS for the current 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.