687 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Bought by Orrstown Financial Services Inc.

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Vanguard Group Inc. increased its holdings in 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 acquiring an additional 342,294 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after purchasing an additional 124,984 shares in the last quarter. Norges Bank bought a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. Northern Trust Corp boosted its holdings in 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 period. Finally, FMR LLC boosted its holdings in 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 period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded up $9.33 on Wednesday, reaching $476.98. The company's stock had a trading volume of 2,712,632 shares, compared to its average volume of 4,043,464. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $491.20. The stock's 50-day moving average is $419.44 and its two-hundred day moving average is $389.69. The stock has a market capitalization of $118.23 billion, a P/E ratio of 935.27, a PEG ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data 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. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the company posted $0.93 EPS. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CRWD. Piper Sandler boosted their price objective on CrowdStrike from $400.00 to $505.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. Raymond James restated an "outperform" rating and issued a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Stifel Nicolaus increased their price objective on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Roth Capital upped their target price on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $453.17.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,141 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the completion of the sale, the chief accounting officer now owns 34,024 shares of the company's stock, valued at $12,649,782.96. This trade represents a 5.92% decrease in their ownership of the stock. The sale 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 the company's stock in a transaction dated 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 transaction, the insider now directly owns 89,714 shares of the company's stock, valued at approximately $31,669,042. The trade was a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 227,361 shares of company stock worth $94,434,058. 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.