Peregrine Capital Management LLC Has $62.13 Million Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Peregrine Capital Management LLC decreased its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,225 shares of the company's stock after selling 6,482 shares during the quarter. CrowdStrike accounts for approximately 2.1% of Peregrine Capital Management LLC's investment portfolio, making the stock its 7th largest position. Peregrine Capital Management LLC owned 0.07% of CrowdStrike worth $62,133,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CRWD. Vanguard Group Inc. raised 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 valued at $7,502,204,000 after buying an additional 342,294 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after acquiring an additional 124,984 shares during the last quarter. Norges Bank acquired a new position in shares of CrowdStrike during the fourth quarter worth $1,111,542,000. Northern Trust Corp grew its stake in shares of CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after purchasing an additional 324,136 shares during the last quarter. Finally, FMR LLC increased its holdings in CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after purchasing an additional 287,960 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRWD has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Barclays set a $500.00 target price on shares of CrowdStrike in a research report on Tuesday, June 3rd. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Morgan Stanley lifted their target price on shares of CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Oppenheimer boosted their price objective on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" 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 issued a buy rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus target price of $453.88.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $499.33 on Monday. 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 stock has a market cap of $124.46 billion, a PE ratio of -723.67 and a beta of 1.16. The company's fifty day moving average is $452.08 and its 200 day moving average is $401.81. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $506.35.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted $0.93 EPS. CrowdStrike's revenue for the quarter was up 19.8% on a year-over-year basis. Research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 2,227 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total transaction of $1,049,362.40. Following the transaction, the chief accounting officer now directly owns 43,019 shares of the company's stock, valued at $20,270,552.80. This represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Roxanne S. Austin sold 15,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the sale, the director now directly owns 18,858 shares in the company, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,821 shares of company stock valued at $115,966,659. 3.32% of the stock is currently owned by company insiders.

About CrowdStrike

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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