Financial Management Professionals Inc. boosted its stake in shares of CrowdStrike (NASDAQ:CRWD – Free Report) by 91.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71 shares of the company’s stock after acquiring an additional 34 shares during the quarter. Financial Management Professionals Inc.’s holdings in CrowdStrike were worth $36,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock valued at $8,051,011,000 after purchasing an additional 908,554 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of CrowdStrike by 52.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock valued at $977,149,000 after purchasing an additional 955,529 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of CrowdStrike by 39.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock valued at $939,747,000 after purchasing an additional 760,222 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of CrowdStrike by 16.4% in the 1st quarter. Invesco Ltd. now owns 2,506,418 shares of the company’s stock valued at $883,713,000 after purchasing an additional 352,473 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.
CrowdStrike Stock Performance
Shares of CRWD stock opened at $476.33 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $119.54 billion, a P/E ratio of -400.27, a price-to-earnings-growth ratio of 113.76 and a beta of 1.12. The company’s 50 day moving average price is $443.62 and its two-hundred day moving average price is $432.52. CrowdStrike has a 52 week low of $272.67 and a 52 week high of $517.98.
Insider Activity
In other CrowdStrike news, President Michael Sentonas sold 11,561 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $495.69, for a total transaction of $5,730,672.09. Following the sale, the president directly owned 399,116 shares in the company, valued at approximately $197,837,810.04. This trade represents a 2.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO George Kurtz sold 17,830 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the sale, the chief executive officer owned 2,115,057 shares in the company, valued at $1,045,959,138.21. This trade represents a 0.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,066 shares of company stock worth $60,934,078. Corporate insiders own 3.32% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on CRWD shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of CrowdStrike from $430.00 to $435.00 and gave the company a “hold” rating in a research note on Thursday, September 18th. Oppenheimer reissued an “outperform” rating and set a $520.00 price objective on shares of CrowdStrike in a research note on Thursday, August 28th. Stifel Nicolaus lifted their price objective on shares of CrowdStrike from $495.00 to $515.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Truist Financial lifted their price objective on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Finally, Susquehanna lifted their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a “positive” rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $480.07.
Read Our Latest Stock Analysis on CrowdStrike
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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