CrowdStrike (NASDAQ:CRWD) Shares Bought by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. increased its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,634 shares of the company's stock after buying an additional 896 shares during the quarter. GF Fund Management CO. LTD.'s holdings in CrowdStrike were worth $21,026,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings 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 worth $7,502,204,000 after purchasing an additional 342,294 shares during the period. Geode Capital Management LLC raised its position in 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 in the last quarter. Norges Bank purchased a new position in CrowdStrike in the fourth quarter worth $1,111,542,000. Northern Trust Corp lifted its holdings in CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after acquiring an additional 324,136 shares during the period. Finally, FMR LLC boosted its position in shares of CrowdStrike by 15.0% during the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after purchasing an additional 287,960 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

CRWD stock traded up $17.67 during trading on Friday, reaching $513.77. The stock had a trading volume of 2,654,026 shares, compared to its average volume of 4,779,107. The stock's 50 day moving average is $461.68 and its two-hundred day moving average is $404.93. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a market cap of $128.06 billion, a PE ratio of 12,852.50 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during 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%. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. As a group, equities analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 11,527 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $5,431,522.40. Following the completion of the sale, the president directly owned 410,677 shares in the company, valued at approximately $193,511,002.40. This represents a 2.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,768 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total value of $869,449.36. Following the transaction, the chief accounting officer owned 41,251 shares in the company, valued at approximately $20,286,004.27. This represents a 4.11% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 249,571 shares of company stock worth $115,469,993. 3.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRWD. The Goldman Sachs Group raised their price objective on shares of CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Morgan Stanley increased their price target on CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. BMO Capital Markets lifted their price target on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Stephens raised their price objective on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Bank of America reiterated a "neutral" rating and issued a $470.00 price target (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $453.88.

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.