Bell Bank Boosts Stock Position in CrowdStrike (NASDAQ:CRWD)

Bell Bank grew its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 196.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,136 shares of the company's stock after purchasing an additional 1,415 shares during the quarter. Bell Bank's holdings in CrowdStrike were worth $753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $1,111,542,000. GAMMA Investing LLC grew its position in CrowdStrike by 50,536.2% during the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after purchasing an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC grew its position in CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in CrowdStrike during the 4th quarter worth approximately $237,375,000. Finally, Voya Investment Management LLC grew its holdings in shares of CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after buying an additional 582,471 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 1.4%

NASDAQ:CRWD traded down $6.87 on Wednesday, hitting $485.16. The stock had a trading volume of 2,825,785 shares, compared to its average volume of 5,006,881. 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 $120.93 billion, a price-to-earnings ratio of -703.13 and a beta of 1.16. The company has a fifty day moving average price of $434.17 and a two-hundred day moving average price of $394.15. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $493.22.

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 the consensus estimate 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 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 quarter in the previous year, the company earned $0.93 EPS. Equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $484.59, for a total transaction of $3,028,687.50. Following the sale, the director now owns 755,592 shares in the company, valued at $366,152,327.28. This represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Roxanne S. Austin sold 10,000 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $482.50, for a total value of $4,825,000.00. Following the sale, the director now owns 18,297 shares in the company, valued at approximately $8,828,302.50. This trade represents a 35.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 257,861 shares of company stock worth $109,595,558 over the last quarter. 3.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CRWD has been the topic of several research analyst reports. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Morgan Stanley upped their target price on CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Evercore ISI reaffirmed an "in-line" rating and issued a $440.00 price objective (down from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Wells Fargo & Company upped their price target on shares of CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Finally, The Goldman Sachs Group upped their price target on shares of CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $453.17.

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.