CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 53.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,241 shares of the company's stock after purchasing an additional 23,632 shares during the quarter. Fifth Third Bancorp's holdings in CrowdStrike were worth $24,060,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. boosted its stake in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. ST Germain D J Co. Inc. boosted its stake in shares of CrowdStrike by 426.3% during the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after purchasing an additional 81 shares in the last quarter. Finally, Bellwether Advisors LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $37,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now owns 89,714 shares in the company, valued at $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 252,361 shares of company stock worth $106,359,058. 3.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore ISI reiterated an "in-line" rating and set a $440.00 price objective (down from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Canaccord Genuity Group restated a "hold" rating and issued a $475.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Oppenheimer raised their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Sanford C. Bernstein downgraded shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price for the company. in a research note on Friday, June 6th. Finally, Scotiabank raised their target price on shares of CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Two 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $453.17.

CrowdStrike Stock Performance

CRWD stock traded down $1.11 during midday trading on Friday, hitting $480.62. 2,608,585 shares of the stock traded hands, compared to its average volume of 5,020,514. The firm has a market cap of $119.13 billion, a P/E ratio of 942.41, a PEG ratio of 17.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock's fifty day simple moving average is $428.81 and its 200-day simple moving average is $391.91. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate 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 net margin of 3.39% and a return on equity of 7.11%. The firm's revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the business earned $0.93 earnings per share. On average, analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

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.