Rhumbline Advisers Acquires 21,166 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Rhumbline Advisers grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 5.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 437,207 shares of the company's stock after purchasing an additional 21,166 shares during the period. Rhumbline Advisers owned about 0.18% of CrowdStrike worth $154,150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FPC Investment Advisory Inc. boosted its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in CrowdStrike in the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $34,000. Bellwether Advisors LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth about $37,000. Finally, WealthTrak Capital Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth $39,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares of the company's stock, valued at approximately $31,669,042. The trade was a 4.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now directly owns 768,092 shares of the company's stock, valued at $248,984,702.72. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,681 shares of company stock worth $87,081,236. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Up 0.5%

NASDAQ:CRWD traded up $2.38 during trading hours on Thursday, reaching $462.94. The company's stock had a trading volume of 6,174,926 shares, compared to its average volume of 5,115,588. The company has a market cap of $114.75 billion, a price-to-earnings ratio of 907.74, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business's 50-day moving average is $413.06 and its 200-day moving average is $387.23. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm's revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on CRWD shares. Piper Sandler increased their target price on shares of CrowdStrike from $400.00 to $505.00 and gave the stock an "overweight" rating in a research report on Wednesday. Stephens lifted their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday. Raymond James restated an "outperform" rating and issued a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a report on Wednesday. Scotiabank boosted their price objective on CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research report on Wednesday. Finally, DZ Bank downgraded CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price for the company. in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $449.38.

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.