CrowdStrike (NASDAQ:CRWD) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,379 shares of the company's stock after acquiring an additional 5,795 shares during the quarter. Cetera Investment Advisers owned about 0.07% of CrowdStrike worth $57,957,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after acquiring an additional 215 shares during the last quarter. Primoris Wealth Advisors LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $2,166,000. OLD National Bancorp IN acquired a new stake in shares of CrowdStrike in the first quarter valued at about $248,000. Bessemer Group Inc. grew its stake in shares of CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after buying an additional 98 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $284,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CrowdStrike

In other news, Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the transaction, the director directly owned 36,906 shares in the company, valued at approximately $17,306,330.58. This trade represents a 29.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the transaction, the chief executive officer owned 2,192,610 shares in the company, valued at approximately $981,280,679.40. This trade represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 241,820 shares of company stock worth $113,297,985 in the last quarter. Company insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of recent research reports. The Goldman Sachs Group increased their target price on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Cfra reiterated a "hold" rating and issued a $555.00 target price (up previously from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. DA Davidson increased their target price on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Sanford C. Bernstein lowered CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price for the company. in a research note on Friday, June 6th. Finally, Citigroup restated an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

CrowdStrike Trading Up 1.3%

Shares of NASDAQ CRWD opened at $467.92 on Friday. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a market cap of $116.63 billion, a price-to-earnings ratio of -678.14 and a beta of 1.16. The stock's 50 day simple moving average is $477.89 and its 200 day simple moving average is $418.70.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued 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 positive return on equity of 0.43% and a negative net margin of 4.17%. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the firm earned $0.93 EPS. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. Equities research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

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.

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