CrowdStrike (NASDAQ:CRWD) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 7.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,438 shares of the company's stock after purchasing an additional 3,893 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in CrowdStrike were worth $19,899,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC boosted its position in CrowdStrike by 14.0% during the first quarter. Clear Creek Financial Management LLC now owns 3,405 shares of the company's stock worth $1,201,000 after acquiring an additional 417 shares during the last quarter. RKL Wealth Management LLC lifted its stake in shares of CrowdStrike by 1.4% during the 1st quarter. RKL Wealth Management LLC now owns 8,521 shares of the company's stock worth $3,004,000 after purchasing an additional 119 shares during the period. Mather Group LLC. boosted its holdings in shares of CrowdStrike by 60.0% during the first quarter. Mather Group LLC. now owns 1,051 shares of the company's stock worth $370,000 after purchasing an additional 394 shares during the last quarter. Alta Advisers Ltd grew its position in shares of CrowdStrike by 64.3% in the first quarter. Alta Advisers Ltd now owns 1,278 shares of the company's stock valued at $451,000 after purchasing an additional 500 shares during the period. Finally, Lodestar Private Asset Management LLC lifted its holdings in shares of CrowdStrike by 23.9% during the 1st quarter. Lodestar Private Asset Management LLC now owns 747 shares of the company's stock worth $263,000 after acquiring an additional 144 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of recent analyst reports. Stephens boosted their target price on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. DA Davidson increased their target price on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group lifted their target price on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Evercore ISI restated an "in-line" rating and set a $440.00 price target (down from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $453.88.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Denis Oleary sold 15,680 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the sale, the director directly owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 16,000 shares of CrowdStrike stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the transaction, the chief financial officer directly owned 249,653 shares of the company's stock, valued at $109,068,402.64. This trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 255,821 shares of company stock valued at $117,495,993 over the last quarter. Insiders own 3.32% of the company's stock.

CrowdStrike Stock Up 0.8%

Shares of CrowdStrike stock traded up $4.03 during trading on Wednesday, reaching $496.10. The company had a trading volume of 2,110,349 shares, compared to its average volume of 4,774,318. 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 fifty-two week low of $200.81 and a fifty-two week high of $516.62. The firm's fifty day moving average is $457.49 and its 200-day moving average is $403.42. The company has a market cap of $123.65 billion, a price-to-earnings ratio of -718.99 and a beta of 1.16.

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 the consensus estimate of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company earned $0.93 earnings per share. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. On average, analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

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.