CrowdStrike (NASDAQ:CRWD) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC increased its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 0.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 302,265 shares of the company's stock after buying an additional 811 shares during the quarter. CrowdStrike comprises 1.9% of Penserra Capital Management LLC's holdings, making the stock its 6th largest position. Penserra Capital Management LLC owned 0.12% of CrowdStrike worth $106,571,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cloud Capital Management LLC purchased a new stake in CrowdStrike in the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC increased its position in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after acquiring an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after acquiring an additional 38 shares during the last quarter. Finally, Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of research analyst reports. DZ Bank lowered CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price on the stock. in a research report on Thursday, May 22nd. The Goldman Sachs Group boosted their price objective on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Needham & Company LLC increased their target price on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Morgan Stanley lifted 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. Finally, Rosenblatt Securities increased their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $453.88.

CrowdStrike Price Performance

Shares of CRWD traded down $8.34 during trading hours on Monday, reaching $505.77. The company had a trading volume of 1,325,683 shares, compared to its average volume of 4,777,118. The company has a market capitalization of $126.06 billion, a price-to-earnings ratio of -732.49 and a beta of 1.16. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. The firm has a 50 day simple moving average of $463.46 and a 200-day simple moving average of $406.65. 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 (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The company 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 company's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS. Research analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, Director Denis Oleary sold 15,680 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the sale, the director owned 36,906 shares of the company's stock, valued at $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roxanne S. Austin sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director directly owned 18,858 shares of the company's stock, valued at approximately $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 249,571 shares of company stock valued at $115,469,993. Company insiders own 3.32% of the company's stock.

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.