Orrstown Financial Services Inc. Invests $242,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Orrstown Financial Services Inc. purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 687 shares of the company's stock, valued at approximately $242,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after buying an additional 342,294 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after buying an additional 124,984 shares during the last quarter. Norges Bank bought a new position in shares of CrowdStrike in the 4th quarter worth about $1,111,542,000. Northern Trust Corp lifted its position in shares of CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after buying an additional 324,136 shares during the last quarter. Finally, FMR LLC lifted its position in shares of CrowdStrike by 15.0% in the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $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.

CrowdStrike Stock Performance

CrowdStrike stock opened at $468.41 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $116.11 billion, a P/E ratio of 918.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The firm's 50 day simple moving average is $415.18 and its 200-day simple moving average is $388.29. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. DA Davidson lifted their price objective on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday. Rosenblatt Securities lifted their price objective on shares of CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Barclays set a $500.00 price objective on shares of CrowdStrike in a research report on Tuesday. Two 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $450.43.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares of the company's stock, valued at $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 211,681 shares of company stock worth $87,081,236. 3.32% of the stock is owned by company insiders.

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.

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