CrowdStrike (NASDAQ:CRWD) Holdings Lifted by Prakash Investment Advisors LLC

Prakash Investment Advisors LLC raised its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 15.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,750 shares of the company's stock after buying an additional 1,200 shares during the quarter. CrowdStrike comprises 3.4% of Prakash Investment Advisors LLC's holdings, making the stock its 8th largest position. Prakash Investment Advisors LLC's holdings in CrowdStrike were worth $3,085,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of CrowdStrike in the fourth quarter valued at about $1,111,542,000. GAMMA Investing LLC boosted its holdings in shares of CrowdStrike by 50,536.2% in the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after acquiring an additional 1,084,506 shares during the period. Pathstone Holdings LLC raised its stake in shares of CrowdStrike by 379.0% during the fourth 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. acquired a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $237,375,000. Finally, Voya Investment Management LLC boosted its stake in shares of CrowdStrike by 43.5% during the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after acquiring an additional 582,471 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 2,227 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $1,049,362.40. Following the sale, the chief accounting officer now directly owns 43,019 shares of the company's stock, valued at $20,270,552.80. This represents a 4.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 255,821 shares of company stock worth $115,966,659. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Trading Up 1.7%

Shares of CRWD traded up $8.41 during trading hours on Monday, hitting $507.74. 1,028,183 shares of the stock traded hands, compared to its average volume of 4,767,575. The business has a fifty day moving average of $452.08 and a 200-day moving average of $401.81. The firm has a market capitalization of $126.55 billion, a PE ratio of -735.64 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 1-year low of $200.81 and a 1-year high of $510.15.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its 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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. Analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CRWD. Oppenheimer raised their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Stifel Nicolaus increased their target price on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. DA Davidson boosted 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, June 4th. Jefferies Financial Group boosted their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Piper Sandler lifted their price target on CrowdStrike from $400.00 to $505.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $453.88.

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.