CrowdStrike (NASDAQ:CRWD) Shares Sold by Overbrook Management Corp

Overbrook Management Corp lessened its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 11.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,244 shares of the company's stock after selling 2,697 shares during the period. CrowdStrike comprises 1.8% of Overbrook Management Corp's investment portfolio, making the stock its 22nd biggest holding. Overbrook Management Corp's holdings in CrowdStrike were worth $7,490,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CRWD. Vanguard Group Inc. grew its stake in shares of CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the period. Geode Capital Management LLC increased its position in shares of CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $1,111,542,000. Northern Trust Corp raised its stake in shares of CrowdStrike by 16.6% during the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after purchasing an additional 324,136 shares during the period. Finally, FMR LLC grew its position in shares of CrowdStrike by 15.0% during the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after buying an additional 287,960 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In related news, Director Gerhard Watzinger sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total value of $3,595,700.00. Following the sale, the director now owns 62,891 shares in the company, valued at $22,613,716.87. This represents a 13.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the sale, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 255,821 shares of company stock valued at $115,966,659 in the last three months. 3.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRWD. BTIG Research reissued a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. Susquehanna boosted their price objective on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a report on Wednesday, June 4th. Stifel Nicolaus lifted their target price on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Cantor Fitzgerald boosted their price target on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Finally, Morgan Stanley boosted their target price on CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $453.88.

CrowdStrike Stock Down 1.2%

Shares of CRWD opened at $499.33 on Friday. The company has a market capitalization of $124.46 billion, a price-to-earnings ratio of -723.67 and a beta of 1.16. The stock's 50-day moving average price is $452.08 and its 200-day moving average price is $401.30. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $506.35.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business's revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 earnings per share. On average, sell-side analysts predict 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.

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