Cwm LLC Has $23.17 Million Holdings in CrowdStrike (NASDAQ:CRWD)

Cwm LLC lowered its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 1.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 65,722 shares of the company's stock after selling 799 shares during the period. Cwm LLC's holdings in CrowdStrike were worth $23,172,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CRWD. Vanguard Group Inc. boosted its position in shares of CrowdStrike by 1.6% during 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 lifted its stake in CrowdStrike by 2.6% during 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 acquiring an additional 124,984 shares in the last quarter. Norges Bank purchased a new position in CrowdStrike during the 4th quarter worth $1,111,542,000. Northern Trust Corp grew its stake 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 worth $777,292,000 after acquiring an additional 324,136 shares in the last quarter. Finally, FMR LLC grew its stake in shares of CrowdStrike by 15.0% in the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after acquiring an additional 287,960 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CRWD. Canaccord Genuity Group reissued a "hold" rating and set a $475.00 price target (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Oppenheimer lifted their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a report on Tuesday, June 3rd. Roth Capital lifted their price target on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Cfra restated a "hold" rating and issued a $555.00 price objective (up previously from $517.00) on shares of CrowdStrike in a research note on Thursday. Two 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 stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target of $456.29.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $478.45 on Monday. The company's fifty day moving average price is $470.20 and its 200-day moving average price is $411.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $119.25 billion, a price-to-earnings ratio of -693.41 and a beta of 1.16. CrowdStrike has a one year low of $200.81 and a one year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released 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. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The firm's revenue was up 19.8% on a year-over-year basis. On average, equities research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Burt W. Podbere sold 10,714 shares of the stock in a transaction on 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 transaction, the chief financial officer owned 239,008 shares of the company's stock, valued at approximately $112,211,865.92. This trade represents a 4.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Sentonas sold 11,527 shares of CrowdStrike stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total transaction of $5,431,522.40. Following the completion of the transaction, the president owned 410,677 shares in the company, valued at approximately $193,511,002.40. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 253,221 shares of company stock valued at $117,687,463 over the last 90 days. Company insiders own 3.32% of the company's stock.

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.

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