TrueMark Investments LLC Has $2.98 Million Position in CrowdStrike (NASDAQ:CRWD)

TrueMark Investments LLC reduced its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,441 shares of the company's stock after selling 630 shares during the quarter. TrueMark Investments LLC's holdings in CrowdStrike were worth $2,976,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after buying an additional 342,294 shares during the last quarter. Geode Capital Management LLC raised its stake 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 during the last quarter. Norges Bank acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $1,111,542,000. Northern Trust Corp grew 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 last quarter. Finally, FMR LLC increased its holdings in shares of CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after purchasing an additional 287,960 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CRWD. Robert W. Baird decreased their price objective on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Morgan Stanley raised their price target on CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Sanford C. Bernstein cut CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective for the company. in a report on Friday, June 6th. BMO Capital Markets upped their target price on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Scotiabank lifted their price target on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $453.17.

CrowdStrike Stock Performance

CRWD traded down $5.66 on Tuesday, reaching $486.15. The company had a trading volume of 2,661,707 shares, compared to its average volume of 4,797,475. The company's fifty day moving average is $442.88 and its 200 day moving average is $397.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $121.17 billion, a P/E ratio of -704.57 and a beta of 1.16. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $497.45.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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. 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 quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 earnings per share. As a group, analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roxanne S. Austin sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $482.50, for a total value of $4,825,000.00. Following the completion of the sale, the director now owns 18,297 shares of the company's stock, valued at approximately $8,828,302.50. This trade represents a 35.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,060 shares of company stock valued at $87,750,868. 3.32% of the stock is currently owned by corporate insiders.

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.