Asset Management One Co. Ltd. Grows Position in CrowdStrike (NASDAQ:CRWD)

Asset Management One Co. Ltd. grew its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 11.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,686 shares of the company's stock after buying an additional 13,630 shares during the quarter. Asset Management One Co. Ltd. owned 0.06% of CrowdStrike worth $48,193,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CRWD. Blue Trust Inc. boosted its holdings in CrowdStrike by 20.4% in the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after purchasing an additional 215 shares during the last quarter. Primoris Wealth Advisors LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth $2,166,000. OLD National Bancorp IN purchased a new position in shares of CrowdStrike in the 1st quarter worth $248,000. Trifecta Capital Advisors LLC boosted its stake in shares of CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after buying an additional 8,561 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of CrowdStrike in the 4th quarter worth $649,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 17,525 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $477.62, for a total value of $8,370,290.50. Following the sale, the chief executive officer now directly owns 2,175,154 shares in the company, valued at $1,038,897,053.48. The trade was a 0.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Michael Sentonas sold 25,000 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the sale, the president now owns 422,204 shares in the company, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 240,821 shares of company stock worth $108,501,609 in the last three months. Insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

NASDAQ CRWD traded up $11.13 on Thursday, reaching $505.22. The company had a trading volume of 3,013,758 shares, compared to its average volume of 4,790,565. 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 capitalization of $125.93 billion, a PE ratio of -732.20 and a beta of 1.16. The firm's 50 day moving average price is $447.02 and its 200 day moving average price is $399.20. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $506.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.93 EPS. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, equities analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

CRWD has been the topic of a number of research reports. Robert W. Baird dropped their price target on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group raised their price target on CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Stifel Nicolaus raised their price target on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Sanford C. Bernstein downgraded CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target on the stock. in a research note on Friday, June 6th. Finally, DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target on the stock. in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average price target 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.