Sumitomo Mitsui Trust Group Inc. Buys 22,172 Shares of CrowdStrike (NASDAQ:CRWD)

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 837,624 shares of the company's stock after buying an additional 22,172 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.34% of CrowdStrike worth $295,329,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CRWD. Brighton Jones LLC raised its stake in CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after buying an additional 2,417 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in CrowdStrike during the 4th quarter worth $649,000. Whipplewood Advisors LLC acquired a new stake in CrowdStrike during the 4th quarter worth $53,000. Heritage Investors Management Corp acquired a new stake in shares of CrowdStrike in the 4th quarter valued at about $225,000. Finally, Nwam LLC raised its stake in shares of CrowdStrike by 7.1% in the 4th quarter. Nwam LLC now owns 3,483 shares of the company's stock valued at $1,192,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Performance

CrowdStrike stock traded down $5.89 during midday trading on Friday, reaching $499.33. 3,464,614 shares of the company's stock were exchanged, compared to its average volume of 4,797,111. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $506.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $124.46 billion, a price-to-earnings ratio of -723.67 and a beta of 1.16. The stock's 50-day simple moving average is $452.08 and its 200 day simple moving average is $401.30.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.11 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The business's revenue was up 19.8% on a year-over-year basis. On average, analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRWD has been the topic of several recent research reports. Cantor Fitzgerald lifted their price target on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. The Goldman Sachs Group lifted their price target on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Truist Financial reissued a "buy" rating and issued a $500.00 price target (up previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Stifel Nicolaus lifted their price target on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, KeyCorp dropped their price target on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Two equities research 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 company. According to MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and an average price target of $453.88.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,768 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the completion of the sale, the chief accounting officer now owns 41,251 shares in the company, valued at $20,286,004.27. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the sale, the director now owns 768,092 shares of the company's stock, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 255,821 shares of company stock worth $115,966,659 over the last quarter. Company 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.