CrowdStrike (NASDAQ:CRWD) Stock Position Boosted by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. raised its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 51.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,776 shares of the company's stock after acquiring an additional 1,970 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in CrowdStrike were worth $2,037,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after acquiring an additional 342,294 shares during the period. Geode Capital Management LLC lifted its stake in shares of CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after acquiring an additional 124,984 shares during the period. Norges Bank acquired a new stake in shares of CrowdStrike in the 4th quarter worth $1,111,542,000. Northern Trust Corp lifted its stake in shares of CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after acquiring an additional 324,136 shares during the period. Finally, FMR LLC lifted its stake in shares of CrowdStrike by 15.0% in the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after acquiring an additional 287,960 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several recent analyst reports. Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective for the company. in a research note on Friday, June 6th. Stephens raised their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. UBS Group reiterated a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. JMP Securities reiterated a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Wedbush lifted their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $456.29.

CrowdStrike Stock Down 1.8%

CRWD traded down $8.66 during trading on Friday, hitting $478.45. The company had a trading volume of 3,377,761 shares, compared to its average volume of 4,771,280. The company has a market cap of $119.25 billion, a PE ratio of -693.41 and a beta of 1.16. The business has a 50-day moving average of $470.20 and a 200-day moving average of $410.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98.

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 the consensus estimate 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 firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the company posted $0.93 earnings per share. The firm's quarterly revenue was up 19.8% on a year-over-year basis. As a group, analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the completion of the transaction, the director owned 781,011 shares in the company, valued at approximately $400,213,466.73. This represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the transaction, the director owned 18,858 shares of the company's stock, valued at $9,667,553.70. This represents a 33.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,821 shares of company stock valued at $118,672,681 over the last quarter. 3.32% of the stock is owned by company insiders.

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.