Yarbrough Capital LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Yarbrough Capital LLC lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 34.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,845 shares of the company's stock after buying an additional 2,512 shares during the quarter. Yarbrough Capital LLC's holdings in CrowdStrike were worth $3,471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FSA Wealth Management LLC lifted its holdings in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after buying an additional 23 shares in the last quarter. Jacobi Capital Management LLC lifted its holdings in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after buying an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after buying an additional 27 shares in the last quarter. Wintrust Investments LLC lifted its holdings in shares of CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after buying an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC lifted its holdings in shares of CrowdStrike by 4.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after buying an additional 30 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 2,141 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $371.79, for a total transaction of $796,002.39. Following the sale, the chief accounting officer now owns 34,024 shares in the company, valued at approximately $12,649,782.96. The trade was a 5.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction on 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 sale, the insider now owns 89,714 shares in the company, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 211,681 shares of company stock worth $87,081,236 over the last quarter. Corporate insiders own 3.32% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CRWD. UBS Group reissued a "buy" rating on shares of CrowdStrike in a report on Tuesday, June 3rd. DZ Bank downgraded shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price on the stock. in a research note on Thursday, May 22nd. Rosenblatt Securities raised their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. Scotiabank raised their target price on shares of CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research note on Wednesday. Finally, DA Davidson raised their target price on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $450.43.

CrowdStrike Trading Up 1.2%

NASDAQ:CRWD traded up $5.47 during trading hours on Friday, hitting $468.41. The company had a trading volume of 4,338,578 shares, compared to its average volume of 5,114,296. The company has a market capitalization of $116.11 billion, a PE ratio of 918.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The stock has a 50-day moving average price of $415.18 and a 200 day moving average price of $388.29. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $491.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly 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 for 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 for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 earnings per share. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal 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.