CrowdStrike (NASDAQ:CRWD) Shares Bought by OVERSEA CHINESE BANKING Corp Ltd

Key Points

• OVERSEA CHINESE BANKING Corp Ltd increased its stake in CrowdStrike by 84.1% during the first quarter, now owning 1,602 shares worth $587,000.
• Several institutional investors have raised their positions in CrowdStrike, with Jennison Associates LLC increasing its stake by 21.1%, now holding shares valued at over $2.3 billion.
• The company's most recent earnings report showed a revenue of <$strong>$1.10 billion for the quarter, slightly below analysts' expectations, but earnings per share exceeded estimates by $0.07.

OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 84.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,602 shares of the company's stock after acquiring an additional 732 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in CrowdStrike were worth $587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jennison Associates LLC increased its position in CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares in the last quarter. Northern Trust Corp increased its position in CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after purchasing an additional 324,136 shares in the last quarter. FMR LLC increased its position in CrowdStrike by 15.0% during the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after purchasing an additional 287,960 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in CrowdStrike by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,938,331 shares of the company's stock worth $663,221,000 after purchasing an additional 206,159 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in 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 purchasing an additional 582,471 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on CRWD shares. Sanford C. Bernstein downgraded 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 report on Friday, June 6th. Needham & Company LLC increased their price objective on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Evercore ISI reaffirmed an "in-line" rating and issued a $440.00 price objective (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Finally, DZ Bank downgraded shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective for the company. in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have given a buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $461.17.

Insider Buying and Selling at CrowdStrike

In related news, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the sale, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Johanna Flower sold 2,073 shares of CrowdStrike stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total transaction of $983,037.33. Following the sale, the director owned 81,383 shares in the company, valued at approximately $38,592,632.43. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,014 shares of company stock valued at $74,238,060. 3.32% of the stock is currently owned by insiders.

CrowdStrike Stock Performance

Shares of CRWD opened at $446.66 on Monday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98. The company has a market cap of $111.33 billion, a price-to-earnings ratio of -647.33 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a fifty day moving average of $479.51 and a 200-day moving average of $423.31.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share 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 business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The company's revenue was up 19.8% on a year-over-year basis. As a group, equities analysts anticipate that CrowdStrike will post 0.55 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.