Oppenheimer & Co. Inc. Buys 3,913 Shares of CrowdStrike (NASDAQ:CRWD)

Oppenheimer & Co. Inc. boosted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,186 shares of the company's stock after purchasing an additional 3,913 shares during the period. Oppenheimer & Co. Inc.'s holdings in CrowdStrike were worth $14,521,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $1,111,542,000. GAMMA Investing LLC raised its position in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after acquiring an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC raised its position in CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after acquiring an additional 1,017,678 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in CrowdStrike in the fourth quarter valued at $237,375,000. Finally, Voya Investment Management LLC grew its position in shares of CrowdStrike by 43.5% in the 4th 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 period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Down 1.8%

Shares of CRWD stock opened at $476.30 on Monday. 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 fifty-two week low of $200.81 and a fifty-two week high of $493.20. The company has a market cap of $118.72 billion, a PE ratio of -690.29 and a beta of 1.16. The stock's fifty day moving average price is $440.62 and its two-hundred day moving average price is $397.05.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. Equities analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Evercore ISI reiterated an "in-line" rating and issued a $440.00 target price (down from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. JPMorgan Chase & Co. upped their price objective on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Roth Capital raised their price objective on CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Stifel Nicolaus lifted their target price on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Canaccord Genuity Group restated a "hold" rating and issued a $475.00 price target (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the 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 CrowdStrike news, CFO Burt W. Podbere sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.88, for a total value of $6,990,080.00. Following the sale, the chief financial officer now owns 249,653 shares in the company, valued at $109,068,402.64. This trade represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Denis Oleary sold 15,680 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the sale, the director now directly owns 36,906 shares in the company, valued at approximately $17,306,330.58. The trade was a 29.82% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,060 shares of company stock valued at $87,750,868. 3.32% of the stock is owned by insiders.

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.

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