CrowdStrike (NASDAQ:CRWD) Shares Bought by WESPAC Advisors SoCal LLC

WESPAC Advisors SoCal LLC lifted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 24.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,972 shares of the company's stock after acquiring an additional 793 shares during the quarter. WESPAC Advisors SoCal LLC's holdings in CrowdStrike were worth $1,400,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CRWD. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after buying an additional 1,144,295 shares during the last quarter. Geode Capital Management LLC increased its holdings in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank acquired a new stake in CrowdStrike in the 4th quarter valued at approximately $1,111,542,000. Northern Trust Corp increased its holdings in CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after purchasing an additional 324,136 shares during the last quarter. Finally, FMR LLC grew its stake in shares of CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after acquiring an additional 287,960 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 16,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the sale, the chief financial officer directly owned 249,653 shares in the company, valued at approximately $109,068,402.64. The trade was a 6.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the business's stock in a transaction that occurred on 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 sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 241,820 shares of company stock worth $113,297,985. 3.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CRWD has been the subject of several research reports. Canaccord Genuity Group restated a "hold" rating and issued a $475.00 price target (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Macquarie initiated coverage on shares of CrowdStrike in a research note on Thursday, July 17th. They issued a "neutral" rating and a $465.00 price target for the company. Needham & Company LLC boosted their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Rosenblatt Securities boosted their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Finally, Barclays set a $500.00 price objective on shares of CrowdStrike in a research report on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $461.17.

CrowdStrike Stock Up 1.3%

Shares of NASDAQ:CRWD traded up $5.89 on Friday, reaching $467.92. The company had a trading volume of 1,788,951 shares, compared to its average volume of 2,689,736. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. The firm's 50 day simple moving average is $477.89 and its 200-day simple moving average is $418.70. The firm has a market capitalization of $116.63 billion, a PE ratio of -678.14 and a beta of 1.16. 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 posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share 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 firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the firm earned $0.93 EPS. The business's quarterly revenue was up 19.8% on a year-over-year basis. As a group, analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

About CrowdStrike

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.