CrowdStrike (NASDAQ:CRWD) Shares Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC boosted its position in CrowdStrike (NASDAQ:CRWD) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,585 shares of the company’s stock after buying an additional 890 shares during the quarter. Oak Ridge Investments LLC’s holdings in CrowdStrike were worth $5,495,000 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 company. FSA Wealth Management LLC raised its stake in shares of CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after purchasing an additional 23 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in shares of CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company’s stock valued at $51,000 after purchasing an additional 25 shares in the last quarter. Close Asset Management Ltd raised its stake in shares of CrowdStrike by 23.8% in the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company’s stock valued at $46,000 after purchasing an additional 25 shares in the last quarter. Ramirez Asset Management Inc. raised its stake in shares of CrowdStrike by 5.9% in the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company’s stock valued at $159,000 after purchasing an additional 25 shares in the last quarter. Finally, Stratos Wealth Advisors LLC raised its stake in shares of CrowdStrike by 0.9% in the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company’s stock valued at $1,052,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the sale, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. This represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 231,130 shares of the company’s stock, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 214,414 shares of company stock worth $101,484,738. Insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on shares of CrowdStrike from $430.00 to $550.00 and gave the company an “overweight” rating in a research note on Monday, June 2nd. Royal Bank Of Canada boosted their price objective on shares of CrowdStrike from $500.00 to $510.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Roth Capital boosted their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Evercore ISI reaffirmed an “in-line” rating and set a $440.00 price objective (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $495.00 price objective (up previously from $490.00) on shares of CrowdStrike in a research report on Monday, July 14th. 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.com, the company has an average rating of “Moderate Buy” and an average target price of $461.17.

CrowdStrike Stock Down 0.8%

CRWD stock opened at $432.12 on Thursday. CrowdStrike has a 12-month low of $242.25 and a 12-month high of $517.98. 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 company has a market cap of $107.71 billion, a price-to-earnings ratio of -626.26 and a beta of 1.13. The company has a 50 day moving average of $474.36 and a two-hundred day moving average of $426.30.

CrowdStrike (NASDAQ:CRWD) last released its earnings results 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue was up 19.8% compared to the same quarter last year. On average, equities analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.