CrowdStrike (NASDAQ:CRWD) Shares Bought by Jericho Financial LLP

Jericho Financial LLP raised its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,957 shares of the company's stock after acquiring an additional 1,089 shares during the period. CrowdStrike makes up about 2.6% of Jericho Financial LLP's portfolio, making the stock its 22nd biggest position. Jericho Financial LLP's holdings in CrowdStrike were worth $3,511,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CRWD. FSA Wealth Management LLC grew its holdings in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after purchasing an additional 23 shares during the period. Jacobi Capital Management LLC increased its holdings in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after acquiring an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after acquiring an additional 27 shares during the period. Wintrust Investments LLC lifted its holdings in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after purchasing an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC grew its position in shares of CrowdStrike by 4.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after purchasing an additional 30 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 1.2%

Shares of CRWD traded down $5.66 during midday trading on Tuesday, hitting $486.15. The company had a trading volume of 2,661,707 shares, compared to its average volume of 4,797,456. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $497.45. The firm has a market capitalization of $121.17 billion, a P/E ratio of -704.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The company's 50-day simple moving average is $442.88 and its 200-day simple moving average is $397.93.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates 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 period last year, the business earned $0.93 EPS. As a group, sell-side analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CRWD shares. DZ Bank lowered 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. Needham & Company LLC lifted their price target on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. UBS Group reissued a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Mizuho upped their target price on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Finally, Susquehanna raised their price target 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. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $453.17.

Insider Activity at CrowdStrike

In other news, President Michael Sentonas sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president now directly owns 422,204 shares in the company, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gerhard Watzinger sold 10,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the completion of the sale, the director now owns 29,500 shares of the company's stock, valued at approximately $14,425,500. This trade represents a 25.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,060 shares of company stock valued at $87,750,868 in the last ninety days. Insiders own 3.32% of the company's stock.

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.