CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,383 shares of the company's stock after acquiring an additional 1,116 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in CrowdStrike were worth $4,013,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CRWD. Norges Bank acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. GAMMA Investing LLC grew its stake in shares of CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after buying an additional 1,084,506 shares during the period. Pathstone Holdings LLC increased its holdings in shares of CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after buying an additional 1,017,678 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $237,375,000. Finally, Voya Investment Management LLC lifted its holdings in CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after acquiring an additional 582,471 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 2,547 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $365.96, for a total transaction of $932,100.12. Following the transaction, the insider now owns 82,071 shares in the company, valued at approximately $30,034,703.16. This trade represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 211,681 shares of company stock valued at $87,081,236 over the last three months. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $2.38 during trading hours on Thursday, reaching $462.94. The stock had a trading volume of 6,174,926 shares, compared to its average volume of 5,159,016. The firm has a 50-day moving average of $410.85 and a 200-day moving average of $386.40. The firm has a market cap of $114.75 billion, a price-to-earnings ratio of 907.74, a PEG ratio of 17.86 and a beta of 1.22. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of research analyst reports. Oppenheimer lifted their target price on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research report on Wednesday. Raymond James reissued an "outperform" rating and set a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a research report on Wednesday. Robert W. Baird decreased their target price on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Finally, Evercore ISI reissued an "in-line" rating and issued a $440.00 price target (down from $450.00) on shares of CrowdStrike in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $449.38.

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.