Mutual Advisors LLC Purchases 892 Shares of CrowdStrike (NASDAQ:CRWD)

Mutual Advisors LLC increased its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 17.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,006 shares of the company's stock after purchasing an additional 892 shares during the quarter. Mutual Advisors LLC's holdings in CrowdStrike were worth $2,118,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CRWD. Vanguard Group Inc. lifted its stake in CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after buying an additional 342,294 shares during the last quarter. Geode Capital Management LLC lifted its stake in CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after buying an additional 124,984 shares during the last quarter. Norges Bank bought a new stake in CrowdStrike in the fourth quarter valued at $1,111,542,000. Northern Trust Corp lifted its stake 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 buying an additional 324,136 shares during the last quarter. Finally, FMR LLC lifted its stake in CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after buying an additional 287,960 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 17,525 shares of CrowdStrike stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $477.62, for a total transaction of $8,370,290.50. Following the completion of the sale, the chief executive officer directly owned 2,175,154 shares in the company, valued at $1,038,897,053.48. The trade was a 0.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,768 shares of CrowdStrike stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total value of $869,449.36. Following the sale, the chief accounting officer owned 41,251 shares of the company's stock, valued at approximately $20,286,004.27. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 249,571 shares of company stock worth $115,469,993 over the last quarter. Insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CRWD shares. BMO Capital Markets raised their target price on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. The Goldman Sachs Group raised their price target on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Piper Sandler raised their price target on CrowdStrike from $400.00 to $505.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, Oppenheimer raised their price target on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $453.88.

CrowdStrike Stock Up 3.6%

Shares of CrowdStrike stock 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. The stock has a market cap of $128.06 billion, a P/E ratio of -744.59 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. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The company has a fifty day moving average price of $463.46 and a two-hundred day moving average price of $406.27.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm's revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 EPS. Equities research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

CrowdStrike Company 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.