Cutter & CO Brokerage Inc. Grows Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Cutter & CO Brokerage Inc. boosted its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 111.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,316 shares of the company's stock after buying an additional 693 shares during the period. Cutter & CO Brokerage Inc.'s holdings in CrowdStrike were worth $464,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in 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 period. Geode Capital Management LLC lifted its holdings in CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after buying an additional 124,984 shares during the period. Norges Bank acquired a new position in CrowdStrike in the fourth quarter valued at $1,111,542,000. Northern Trust Corp raised its holdings 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 raised its holdings in shares of CrowdStrike by 15.0% during 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 during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Buying and Selling

In related news, Director Roxanne S. Austin sold 15,000 shares of CrowdStrike stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the transaction, the director owned 18,858 shares in the company, valued at $9,385,060.86. This trade represents a 44.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Burt W. Podbere sold 16,000 shares of the business's 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 owned 249,653 shares in the company, valued at $109,068,402.64. The trade was a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,294 shares of company stock worth $118,670,500 over the last 90 days. Insiders own 3.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CRWD shares. Oppenheimer upped their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Morgan Stanley reiterated an "equal weight" rating and set a $495.00 price objective (up previously from $490.00) on shares of CrowdStrike in a report on Monday. Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Barclays set a $500.00 price objective on shares of CrowdStrike in a report on Tuesday, June 3rd. Finally, DZ Bank lowered shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective on the stock. in a report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $456.60.

CrowdStrike Trading Down 0.1%

NASDAQ:CRWD traded down $0.62 during trading hours on Thursday, reaching $469.83. The company's stock had a trading volume of 2,253,633 shares, compared to its average volume of 4,762,773. The firm has a market capitalization of $117.11 billion, a price-to-earnings ratio of -680.91 and a beta of 1.16. The firm has a 50-day simple moving average of $473.24 and a 200-day simple moving average of $413.85. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98. 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 (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS 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 analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm's revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. Research analysts expect that CrowdStrike will post 0.55 EPS 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.