CrowdStrike (NASDAQ:CRWD) Shares Purchased by Oak Ridge Investments LLC

Key Points

• Oak Ridge Investments LLC increased its stake in CrowdStrike by 6.1%, acquiring an additional 890 shares, bringing their total holdings to 15,585 shares worth approximately $5.5 million.
• CEO George Kurtz sold 42,267 shares valued at over $19 million, representing a 1.94% decrease in his ownership, while CFO Burt W. Podbere sold 11,883 shares worth approximately $5.4 million.
• CrowdStrike's stock currently has an average target price of $461.17 with a consensus rating of "Moderate Buy", following recent price upgrades from several analysts.

Oak Ridge Investments LLC raised its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,585 shares of the company's stock after purchasing an additional 890 shares during the period. Oak Ridge Investments LLC's holdings in CrowdStrike were worth $5,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FSA Wealth Management LLC grew its stake in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after purchasing an additional 23 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares during the last quarter. Close Asset Management Ltd grew its stake in CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after purchasing an additional 25 shares during the last quarter. Ramirez Asset Management Inc. grew its stake in CrowdStrike by 5.9% in the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after purchasing an additional 25 shares during the last quarter. Finally, Stratos Wealth Advisors LLC grew its stake in CrowdStrike by 0.9% in the first quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock valued at $1,052,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the sale, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. This trade represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roxanne S. Austin sold 9,447 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares of the company's stock, valued at $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BTIG Research restated a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Citigroup restated an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Barclays set a $500.00 price target on CrowdStrike in a research note on Tuesday, June 3rd. JMP Securities restated a "market outperform" rating and set a $500.00 price target on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Raymond James Financial restated an "outperform" rating and set a $485.00 price target (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $461.17.

CrowdStrike Price Performance

CRWD stock traded up $3.04 during midday trading on Friday, reaching $427.90. The stock had a trading volume of 2,262,855 shares, compared to its average volume of 2,735,901. The company's fifty day simple moving average is $472.79 and its 200 day simple moving average is $426.79. 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 $106.65 billion, a price-to-earnings ratio of -620.14 and a beta of 1.13. CrowdStrike has a 52-week low of $242.25 and a 52-week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. As a group, sell-side analysts predict 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.