CrowdStrike (NASDAQ:CRWD) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 2.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 30,300 shares of the company's stock after acquiring an additional 700 shares during the period. Louisiana State Employees Retirement System's holdings in CrowdStrike were worth $10,683,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank acquired a new position in shares of CrowdStrike in the 4th quarter valued at $1,111,542,000. Northern Trust Corp boosted its holdings in shares of CrowdStrike by 16.6% in the 4th 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 boosted its holdings in shares of CrowdStrike by 15.0% in the 4th 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 during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. DZ Bank lowered shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target on the stock. in a report on Thursday, May 22nd. Canaccord Genuity Group reiterated a "hold" rating and issued a $475.00 price target (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Piper Sandler lowered shares of CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price target on the stock. in a report on Monday, July 7th. Finally, Barclays set a $500.00 target price on shares of CrowdStrike in a report on Tuesday, June 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average price target of $456.29.

Insider Activity

In related news, CFO Burt W. Podbere sold 10,714 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $469.49, for a total transaction of $5,030,115.86. Following the sale, the chief financial officer owned 239,008 shares in the company, valued at $112,211,865.92. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the sale, the director owned 781,011 shares in the company, valued at approximately $400,213,466.73. This trade represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,821 shares of company stock valued at $118,672,681 over the last quarter. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Down 1.8%

Shares of CRWD traded down $8.66 during midday trading on Friday, hitting $478.45. The company had a trading volume of 3,377,761 shares, compared to its average volume of 4,779,966. The company's 50 day moving average price is $470.20 and its 200 day moving average price is $411.03. The stock has a market cap of $119.25 billion, a price-to-earnings ratio of -693.41 and a beta of 1.16. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. 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 (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. On average, equities research 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.