Russell Investments Group Ltd. Purchases 7,826 Shares of CrowdStrike (NASDAQ:CRWD)

Key Points

• Russell Investments Group Ltd. increased its stake in CrowdStrike by 6.1% in Q1, owning 136,726 shares valued at approximately $48.2 million.
• CEO George Kurtz sold 42,267 shares valued at about $19 million, while Director Denis Oleary sold 15,680 shares for approximately $7.4 million, indicating significant insider transactions.
• CrowdStrike's stock recently traded down 1.7% to $424.86, with earnings per share of $0.73 reported for the last quarter, surpassing analysts' expectations.

Russell Investments Group Ltd. grew its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 6.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 136,726 shares of the company's stock after buying an additional 7,826 shares during the period. Russell Investments Group Ltd. owned 0.06% of CrowdStrike worth $48,223,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after acquiring an additional 908,554 shares in the last quarter. Jennison Associates LLC raised its stake in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of CrowdStrike by 39.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after buying an additional 760,222 shares during the last quarter. Invesco Ltd. grew its position in shares of CrowdStrike by 16.4% during the 1st quarter. Invesco Ltd. now owns 2,506,418 shares of the company's stock valued at $883,713,000 after buying an additional 352,473 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after buying an additional 324,136 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CRWD. Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price for the company. in a research report on Friday, June 6th. Truist Financial restated a "buy" rating and issued a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. BTIG Research restated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Evercore ISI restated an "in-line" rating and issued a $440.00 target price (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Rosenblatt Securities upped their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price of $461.17.

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares in the company, valued at approximately $105,272,781.10. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the transaction, the director owned 36,906 shares in the company, valued at $17,306,330.58. This trade represents a 29.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,414 shares of company stock worth $101,484,738 in the last ninety days. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Up 0.7%

CRWD stock traded up $3.04 during midday trading on Friday, reaching $427.90. The company had a trading volume of 2,262,855 shares, compared to its average volume of 3,719,686. CrowdStrike has a 1 year low of $242.25 and a 1 year 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 capitalization of $106.65 billion, a P/E ratio of -620.14 and a beta of 1.13. The company has a 50 day moving average of $473.60 and a two-hundred day moving average of $426.66.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. CrowdStrike's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. On average, equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.