Optas LLC Takes $209,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Optas LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 592 shares of the company's stock, valued at approximately $209,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in CrowdStrike in the 4th quarter valued at approximately $1,111,542,000. GAMMA Investing LLC increased its position 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 purchasing an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after buying an additional 1,017,678 shares in the last quarter. Raymond James Financial Inc. bought a new stake in CrowdStrike during the fourth quarter worth about $237,375,000. Finally, Voya Investment Management LLC boosted its stake in CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after buying an additional 582,471 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Down 0.3%

Shares of CRWD traded down $1.23 during mid-day trading on Monday, hitting $479.39. 2,702,584 shares of the company traded hands, compared to its average volume of 5,017,717. The company has a market capitalization of $118.83 billion, a PE ratio of 940.00, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $491.20. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $428.81 and a 200 day moving average of $392.53.

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, topping analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The business's quarterly revenue was up 19.8% compared to the same quarter last year. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent analyst reports. Roth Capital upped their price target 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 upped their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Rosenblatt Securities increased their target price on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. BTIG Research restated a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. Finally, Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $453.17.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 55,556 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 247,861 shares of company stock worth $104,770,558. Insiders own 3.32% of the company's stock.

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.