Invesco Ltd. Purchases 352,473 Shares of CrowdStrike (NASDAQ:CRWD)

Key Points

• Invesco Ltd. increased its stake in CrowdStrike by 16.4%, purchasing an additional 352,473 shares, bringing its total ownership to 2,506,418 shares worth approximately $883.7 million.
• Several institutional investors, including Vanguard Group and Goldman Sachs, also boosted their holdings in CrowdStrike, contributing to institutional investors owning 71.16% of the stock.
• Wall Street analysts have a positive outlook on CrowdStrike, with most ratings classified as “Moderate Buy” and target prices ranging from $440 to $530.

Invesco Ltd. boosted its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,506,418 shares of the company's stock after buying an additional 352,473 shares during the quarter. Invesco Ltd. owned approximately 1.01% of CrowdStrike worth $883,713,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CRWD. Jennison Associates LLC boosted its holdings in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares in the last quarter. GAMMA Investing LLC raised its position in 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 purchasing an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC boosted its stake in CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 4.1% during the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after purchasing an additional 908,554 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of CrowdStrike by 39.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock worth $939,747,000 after purchasing an additional 760,222 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CRWD shares. Rosenblatt Securities lifted their price target on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a report on Monday, June 2nd. Susquehanna boosted their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target on the stock. in a research note on Thursday, May 22nd. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Finally, Cantor Fitzgerald boosted their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $461.17.

CrowdStrike Stock Down 0.1%

CRWD traded down $0.51 during trading hours on Friday, hitting $424.49. 3,626,057 shares of the company's stock were exchanged, compared to its average volume of 2,730,743. The stock has a market cap of $105.80 billion, a price-to-earnings ratio of -615.20 and a beta of 1.13. CrowdStrike has a 1-year low of $235.60 and a 1-year high of $517.98. The stock's 50-day moving average is $477.04 and its two-hundred day moving average is $425.84. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued 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. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The business's quarterly revenue was up 19.8% compared to the same quarter last year. Sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer directly owned 231,130 shares in the company, valued at $105,272,781.10. The trade was a 4.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is owned by company insiders.

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.