CrowdStrike (NASDAQ:CRWD) Shares Bought by Prudential PLC

Key Points

• Prudential PLC increased its stake in CrowdStrike by 9.9% in the first quarter, holding 31,390 shares valued at approximately $11 million.
• Multiple institutional investors have raised their positions in CrowdStrike, contributing to institutional ownership now accounting for 71.16% of the stock.
• Analysts have varied price targets for CrowdStrike, with a consensus rating of "Moderate Buy" and an average price target of $461.17.

Prudential PLC grew its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 9.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,390 shares of the company's stock after acquiring an additional 2,830 shares during the period. Prudential PLC's holdings in CrowdStrike were worth $11,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CRWD. FSA Wealth Management LLC raised its position in shares of CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares during the last quarter. Tradewinds Capital Management LLC raised its position in shares of CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after purchasing an additional 25 shares during the last quarter. Close Asset Management Ltd raised its position in shares of CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after purchasing an additional 25 shares during the last quarter. Ramirez Asset Management Inc. raised its position in shares of CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after purchasing an additional 25 shares during the last quarter. Finally, Stratos Wealth Advisors LLC raised its position in shares of CrowdStrike by 0.9% during the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock worth $1,052,000 after purchasing an additional 26 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRWD has been the subject of several research reports. DZ Bank downgraded 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. Scotiabank lifted their target price on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Rosenblatt Securities lifted their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Morgan Stanley reaffirmed an "equal weight" rating and issued a $495.00 target price (up from $490.00) on shares of CrowdStrike in a research note on Monday, July 14th. Finally, Macquarie started coverage on shares of CrowdStrike in a research note on Thursday, July 17th. They issued a "neutral" rating and a $465.00 target price for the company. One investment 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 stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and an average price target of $461.17.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $447.09, for a total value of $2,794,312.50. Following the sale, the director owned 774,761 shares in the company, valued at approximately $346,387,895.49. This represents a 0.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 9,447 shares of the company's 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 completion of the sale, the director owned 18,858 shares in the company, valued at approximately $9,667,553.70. This trade represents a 33.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 214,414 shares of company stock worth $101,484,738. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $435.80 on Wednesday. The firm has a market cap of $108.62 billion, a PE ratio of -631.59 and a beta of 1.13. The firm's 50-day simple moving average is $474.93 and its 200-day simple moving average is $426.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a 1 year low of $240.01 and a 1 year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued 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 analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. Equities analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal 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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