IFM Investors Pty Ltd Buys 3,891 Shares of CrowdStrike (NASDAQ:CRWD)

IFM Investors Pty Ltd raised its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 9.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,371 shares of the company's stock after buying an additional 3,891 shares during the period. IFM Investors Pty Ltd's holdings in CrowdStrike were worth $16,349,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after purchasing an additional 215 shares during the period. Primoris Wealth Advisors LLC bought a new position in CrowdStrike during the fourth quarter worth about $2,166,000. OLD National Bancorp IN bought a new position in CrowdStrike during the first quarter worth about $248,000. Bessemer Group Inc. grew its holdings in CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after purchasing an additional 98 shares during the period. Finally, Financial Engines Advisors L.L.C. bought a new position in CrowdStrike during the fourth quarter worth about $284,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CRWD shares. Oppenheimer lifted their price target on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Barclays set a $500.00 price target on CrowdStrike in a report on Tuesday, June 3rd. Stephens lifted their price target on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Mizuho raised their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Piper Sandler raised their price objective on shares of CrowdStrike from $400.00 to $505.00 and gave the stock an "overweight" rating in a research 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 given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $453.88.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 17,525 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $477.62, for a total transaction of $8,370,290.50. Following the sale, the chief executive officer owned 2,175,154 shares of the company's stock, valued at approximately $1,038,897,053.48. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Michael Sentonas sold 11,527 shares of the business's 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 sale, the president directly 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. In the last quarter, insiders have sold 249,571 shares of company stock valued at $115,469,993. 3.32% of the stock is currently owned by insiders.

CrowdStrike Price Performance

CRWD traded up $17.67 during trading on Friday, hitting $513.77. 2,654,026 shares of the stock traded hands, compared to its average volume of 4,790,634. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The company has a market cap of $128.06 billion, a price-to-earnings ratio of -744.59 and a beta of 1.16. 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 business has a 50 day moving average price of $463.46 and a 200 day moving average price of $406.27.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The firm 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 company's revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. Equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.