Strategic Blueprint LLC Purchases 490 Shares of CrowdStrike (NASDAQ:CRWD)

Strategic Blueprint LLC boosted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 19.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,981 shares of the company's stock after buying an additional 490 shares during the period. Strategic Blueprint LLC's holdings in CrowdStrike were worth $1,051,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of CrowdStrike by 1.6% in the fourth 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 period. Geode Capital Management LLC grew its position in 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 purchasing an additional 124,984 shares during the period. Norges Bank bought a new stake in CrowdStrike in the 4th quarter worth approximately $1,111,542,000. Northern Trust Corp grew its position 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 purchasing an additional 324,136 shares during the period. Finally, FMR LLC grew its position 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 purchasing an additional 287,960 shares during the period. Institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CRWD shares. Morgan Stanley lifted their price objective on CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. DA Davidson boosted their price target on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group boosted their target price on shares of CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Susquehanna boosted their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company boosted 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. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $453.88.

CrowdStrike Trading Up 3.6%

Shares of CRWD stock traded up $17.67 on Friday, reaching $513.77. 2,654,026 shares of the company's stock were exchanged, compared to its average volume of 4,790,634. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The stock has a market capitalization of $128.06 billion, a PE ratio of -744.59 and a beta of 1.16. The company's fifty day simple moving average is $463.46 and its 200 day simple moving average is $406.27. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data 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 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 analyst estimates of $1.11 billion. During the same quarter last year, the business posted $0.93 EPS. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. As a group, analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 17,525 shares of CrowdStrike stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $477.62, for a total transaction of $8,370,290.50. Following the completion of the sale, the chief executive officer directly owned 2,175,154 shares of the company's stock, valued at $1,038,897,053.48. The trade was a 0.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael Sentonas sold 11,527 shares of CrowdStrike stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $471.20, for a total value of $5,431,522.40. Following the completion of the sale, the president owned 410,677 shares of the company's stock, valued at $193,511,002.40. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 249,571 shares of company stock valued at $115,469,993. 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.