Vanguard Group Inc. Increases Stake in 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. increased its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 4.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,834,565 shares of the company's stock after purchasing an additional 908,554 shares during the period. Vanguard Group Inc. owned approximately 9.21% of CrowdStrike worth $8,051,011,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CRWD. Goldman Sachs Group Inc. raised its holdings in CrowdStrike by 39.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after buying an additional 760,222 shares during the last quarter. Palacios Wealth Management LLC raised its holdings in CrowdStrike by 2.7% during the 1st quarter. Palacios Wealth Management LLC now owns 7,516 shares of the company's stock valued at $2,650,000 after buying an additional 197 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in CrowdStrike by 21.8% during the 1st quarter. Wealthspire Advisors LLC now owns 2,334 shares of the company's stock valued at $823,000 after buying an additional 418 shares during the last quarter. Comprehensive Financial Planning Inc. PA raised its holdings in CrowdStrike by 19.1% during the 1st quarter. Comprehensive Financial Planning Inc. PA now owns 4,184 shares of the company's stock valued at $1,475,000 after buying an additional 671 shares during the last quarter. Finally, Ithaka Group LLC raised its holdings in CrowdStrike by 69.4% during the 1st quarter. Ithaka Group LLC now owns 32,349 shares of the company's stock valued at $11,406,000 after buying an additional 13,257 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Buying and Selling

In related news, Director Denis Oleary sold 15,680 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the transaction, the director owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This trade represents a 29.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Michael Sentonas sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the transaction, the president directly owned 422,204 shares in the company, valued at approximately $201,391,308. The trade was a 5.59% 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 90 days. 3.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CRWD shares. Cfra reiterated a "hold" rating and set a $555.00 price target (up from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Sanford C. Bernstein lowered shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective for the company. in a report on Friday, June 6th. Susquehanna upped their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a report on Wednesday, June 4th. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Finally, Roth Capital upped their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $461.17.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $451.69 on Thursday. The company has a 50 day moving average price of $478.55 and a 200-day moving average price of $424.30. CrowdStrike has a 52 week low of $229.72 and a 52 week high of $517.98. The firm has a market capitalization of $112.58 billion, a PE ratio of -654.62 and a beta of 1.13. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21.

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. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm's revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. As a group, equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

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.

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