CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 800,674 shares of the company’s stock after selling 16,243 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.33% of CrowdStrike worth $256,688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRWD. Morgan Stanley raised its stake in shares of CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after purchasing an additional 2,757,251 shares during the last quarter. Norges Bank purchased a new position in CrowdStrike during the 4th quarter worth $683,336,000. Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike in the 4th quarter worth $450,418,000. Jennison Associates LLC boosted its holdings in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after acquiring an additional 1,581,796 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of CrowdStrike by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after acquiring an additional 1,028,405 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 219,675 shares of company stock worth $76,681,402. 4.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CRWD shares. Barclays lifted their price objective on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Wedbush dropped their price objective on CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. JMP Securities reissued a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Tuesday, May 14th. Stifel Nicolaus upped their price target on shares of CrowdStrike from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Oppenheimer raised their price objective on shares of CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, June 5th. Two analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $382.35.

CrowdStrike Stock Up 0.6 %

Shares of CRWD opened at $387.18 on Thursday. CrowdStrike Holdings, Inc. has a fifty-two week low of $139.37 and a fifty-two week high of $394.64. The company’s fifty day moving average is $345.31 and its two-hundred day moving average is $316.23. The firm has a market cap of $94.22 billion, a PE ratio of 730.54, a price-to-earnings-growth ratio of 19.31 and a beta of 1.10. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The firm had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current 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.