Federated Hermes Inc. Purchases 213,226 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Federated Hermes Inc. raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 24.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,089,000 shares of the company's stock after purchasing an additional 213,226 shares during the period. CrowdStrike accounts for approximately 0.7% of Federated Hermes Inc.'s investment portfolio, making the stock its 28th biggest position. Federated Hermes Inc. owned approximately 0.45% of CrowdStrike worth $278,043,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Morgan Stanley raised its position in shares of CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company's stock worth $832,516,000 after acquiring an additional 2,757,251 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of CrowdStrike by 1,593.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,643,904 shares of the company's stock worth $388,310,000 after acquiring an additional 2,487,806 shares in the last quarter. Norges Bank bought a new position in shares of CrowdStrike in the 4th quarter worth about $244,740,000. T. Rowe Price Investment Management Inc. raised its position in shares of CrowdStrike by 62.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company's stock worth $396,019,000 after acquiring an additional 1,440,905 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of CrowdStrike by 69.3% in the 1st quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company's stock worth $524,750,000 after acquiring an additional 945,703 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $0.41 during trading on Thursday, hitting $294.10. The stock had a trading volume of 2,098,623 shares, compared to its average volume of 3,625,750. The firm has a market cap of $71.13 billion, a price-to-earnings ratio of 816.97, a P/E/G ratio of 11.96 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 12 month low of $115.67 and a 12 month high of $365.00. The business's 50-day moving average is $318.65 and its 200 day moving average is $262.91. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The firm had revenue of $845.34 million for the quarter, compared to analysts' expectations of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Anurag Saha sold 1,019 shares of the company's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the transaction, the insider now owns 208,961 shares of the company's stock, valued at $64,525,067.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CRWD shares. BTIG Research lifted their price objective on CrowdStrike from $322.00 to $432.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. DA Davidson lifted their price objective on CrowdStrike from $285.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Citigroup lifted their price objective on CrowdStrike from $320.00 to $425.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. Susquehanna boosted their target price on CrowdStrike from $330.00 to $410.00 and gave the company a "positive" rating in a research report on Thursday, March 7th. Finally, Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research report on Wednesday, January 17th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $371.87.

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.