CrowdStrike (NASDAQ:CRWD) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent 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 quarter. Oppenheimer & Co. Inc.'s holdings in CrowdStrike were worth $14,521,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in CrowdStrike during the 4th quarter worth approximately $1,111,542,000. GAMMA Investing LLC increased its stake in shares of CrowdStrike by 50,536.2% in 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 during the period. Pathstone Holdings LLC increased its stake in shares of 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 acquiring an additional 1,017,678 shares during the period. Raymond James Financial Inc. purchased a new position in shares of CrowdStrike during the fourth quarter worth $237,375,000. Finally, Voya Investment Management LLC lifted its position in CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after purchasing an additional 582,471 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRWD. Susquehanna lifted their price objective on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research note on Wednesday, June 4th. Bank of America reaffirmed a "neutral" rating and set a $470.00 target price (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Barclays set a $500.00 price target on CrowdStrike in a report on Tuesday, June 3rd. Jefferies Financial Group upped their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, BTIG Research restated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Two 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 stock. According to data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average target price of $453.88.

CrowdStrike Trading Up 2.3%

Shares of CRWD traded up $11.13 during midday trading on Thursday, reaching $505.22. The company had a trading volume of 3,013,758 shares, compared to its average volume of 4,797,942. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $506.20. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $449.61 and a 200-day simple moving average of $400.24. The stock has a market cap of $125.93 billion, a PE ratio of -732.20 and a beta of 1.16.

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, topping analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business's revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. Research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the sale, the director now owns 768,092 shares of the company's stock, valued at $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerhard Watzinger sold 10,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total value of $3,595,700.00. Following the transaction, the director now owns 62,891 shares in the company, valued at $22,613,716.87. This trade represents a 13.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 240,821 shares of company stock valued at $108,501,609 in the last quarter. Insiders own 3.32% of the company's stock.

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.