CrowdStrike (NASDAQ:CRWD) Stake Raised by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. lifted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 12.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,449 shares of the company's stock after buying an additional 1,253 shares during the quarter. Pittenger & Anderson Inc.'s holdings in CrowdStrike were worth $4,037,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. Geode Capital Management LLC increased its holdings in CrowdStrike by 2.6% during the 4th 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 during the last quarter. Norges Bank purchased a new stake in CrowdStrike during the 4th quarter worth approximately $1,111,542,000. Northern Trust Corp increased its holdings in CrowdStrike by 16.6% during the 4th 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% during the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after purchasing an additional 287,960 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CRWD. Royal Bank Of Canada lifted their target price on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Sanford C. Bernstein lowered CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price for the company. in a research report on Friday, June 6th. Roth Capital lifted their target price on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Susquehanna lifted their target price on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research report on Wednesday, June 4th. Finally, Canaccord Genuity Group reiterated a "hold" rating and issued a $475.00 target price (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $456.29.

CrowdStrike Trading Down 1.8%

Shares of NASDAQ:CRWD traded down $8.66 during midday trading on Friday, reaching $478.45. The company had a trading volume of 3,377,761 shares, compared to its average volume of 4,779,966. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The firm has a market cap of $119.25 billion, a price-to-earnings ratio of -693.41 and a beta of 1.16. The company has a fifty day simple moving average of $470.20 and a two-hundred day simple moving average of $411.03.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last 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 predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 25,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the sale, the president directly owned 422,204 shares of the company's stock, valued at approximately $201,391,308. This represents a 5.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the sale, the director directly owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 255,821 shares of company stock worth $118,672,681 over the last three months. Company 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.