CrowdStrike (NASDAQ:CRWD) Shares Purchased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC boosted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 55.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 258,395 shares of the company's stock after acquiring an additional 92,665 shares during the quarter. Lord Abbett & CO. LLC owned about 0.10% of CrowdStrike worth $91,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CRWD. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike during the first quarter worth about $25,000. Vision Financial Markets LLC acquired a new stake in CrowdStrike in the first quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in CrowdStrike during the 1st quarter worth approximately $30,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Needham & Company LLC increased their price objective on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley reiterated an "equal weight" rating and issued a $495.00 price objective (up previously from $490.00) on shares of CrowdStrike in a research note on Monday, July 14th. UBS Group reissued a "buy" rating on shares of CrowdStrike in a report on Tuesday, June 3rd. Jefferies Financial Group increased their target price on shares of CrowdStrike from $520.00 to $530.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Wedbush boosted their price target on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $461.17.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $432.12 on Thursday. 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 $107.71 billion, a price-to-earnings ratio of -626.26 and a beta of 1.13. CrowdStrike has a twelve month low of $242.25 and a twelve month high of $517.98. The business has a 50 day simple moving average of $474.36 and a 200-day simple moving average of $426.30.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping 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 company 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 earned $0.93 earnings per share. The firm's revenue was up 19.8% compared to the same quarter last year. As a group, equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Friday, August 1st. The stock was sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the sale, the director owned 774,761 shares of the company's stock, valued at $346,387,895.49. The trade was a 0.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares of the company's stock, valued at $105,272,781.10. This trade represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 214,414 shares of company stock worth $101,484,738 over the last 90 days. Corporate insiders own 3.32% of the company's stock.

CrowdStrike 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.

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