Vanguard Group Inc. Purchases 908,554 Shares of CrowdStrike (NASDAQ:CRWD)

Key Points

• Vanguard Group Inc. increased its stake in CrowdStrike (NASDAQ:CRWD) by 4.1%, holding 22,834,565 shares valued at approximately $8.05 billion as of the latest SEC filing.
• Several other institutional investors also raised their holdings in CrowdStrike during the first quarter, with Goldman Sachs Group Inc. increasing its stake by 39.9%.
• CrowdStrike's most recent earnings report showed earnings per share of $0.73, surpassing analysts' expectations, and a revenue growth of 19.8% compared to the previous year.

Vanguard Group Inc. boosted its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,834,565 shares of the company's stock after acquiring an additional 908,554 shares during the quarter. Vanguard Group Inc. owned 9.21% of CrowdStrike worth $8,051,011,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after purchasing an additional 2,417 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of CrowdStrike by 11.8% in the 4th quarter. Quadrant Capital Group LLC now owns 806 shares of the company's stock valued at $276,000 after purchasing an additional 85 shares during the last quarter. Peapack Gladstone Financial Corp boosted its stake in shares of CrowdStrike by 8.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 1,936 shares of the company's stock valued at $663,000 after purchasing an additional 158 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at $17,416,000. Finally, APG Asset Management N.V. boosted its stake in shares of CrowdStrike by 584.4% in the 4th quarter. APG Asset Management N.V. now owns 144,834 shares of the company's stock valued at $47,857,000 after purchasing an additional 123,673 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

NASDAQ CRWD traded down $0.51 during trading hours on Friday, reaching $424.49. 3,626,057 shares of the company were exchanged, compared to its average volume of 2,718,355. CrowdStrike has a 1 year low of $235.60 and a 1 year high of $517.98. The business's 50 day simple moving average is $477.04 and its 200-day simple moving average is $425.50. 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 capitalization of $105.80 billion, a P/E ratio of -615.20 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted 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 negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $0.93 earnings per share. The firm's quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRWD. Susquehanna upped their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research note on Wednesday, June 4th. Cfra reaffirmed a "hold" rating and issued a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. Royal Bank Of Canada upped their price objective on shares of CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. JMP Securities reaffirmed a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $495.00 target price (up from $490.00) on shares of CrowdStrike in a research note on Monday, July 14th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $461.17.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the completion of the transaction, the director owned 774,761 shares in the company, valued at $346,387,895.49. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares of the company's stock, valued at $105,272,781.10. This represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 214,414 shares of company stock valued at $101,484,738 in the last three months. 3.32% of the stock is owned by corporate insiders.

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.