OVERSEA CHINESE BANKING Corp Ltd Has $15.36 Million Position in CrowdStrike (NASDAQ:CRWD)

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 4,906.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,559 shares of the company's stock after purchasing an additional 42,689 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in CrowdStrike were worth $15,358,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CRWD. Cloud Capital Management LLC bought a new stake in CrowdStrike during the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after acquiring an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares during the period. Sound Income Strategies LLC boosted its holdings in CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after acquiring an additional 38 shares during the period. Finally, Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CRWD. Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target for the company. in a report on Friday, June 6th. BTIG Research restated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Royal Bank Of Canada raised their price target on shares of CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Mizuho raised their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Oppenheimer raised their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $456.60.

CrowdStrike Trading Down 0.1%

Shares of NASDAQ:CRWD traded down $0.62 during trading on Thursday, hitting $469.83. 2,253,633 shares of the company's stock were exchanged, compared to its average volume of 4,762,773. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The firm has a 50-day moving average price of $473.24 and a two-hundred day moving average price of $413.85. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a market cap of $117.11 billion, a P/E ratio of -680.91 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued 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. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.93 EPS. CrowdStrike's revenue was up 19.8% on a year-over-year basis. Equities analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity at CrowdStrike

In other news, Director Johanna Flower sold 2,073 shares of CrowdStrike stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total transaction of $983,037.33. Following the completion of the sale, the director owned 81,383 shares in the company, valued at $38,592,632.43. The trade was a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the sale, the director owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. This represents a 33.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,294 shares of company stock worth $118,670,500 over the last 90 days. 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.