Cwm LLC Has $797,000 Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Posted by Defense World Staff on Jul 24th, 2023

Cwm LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) by 35.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,807 shares of the company’s stock after buying an additional 1,525 shares during the period. Cwm LLC’s holdings in CrowdStrike were worth $797,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,547,900 shares of the company’s stock valued at $2,849,377,000 after buying an additional 244,613 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of CrowdStrike by 62.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock worth $396,019,000 after purchasing an additional 1,440,905 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of CrowdStrike by 3.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,170,147 shares of the company’s stock worth $333,785,000 after purchasing an additional 91,307 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of CrowdStrike by 9.2% during the fourth quarter. JPMorgan Chase & Co. now owns 3,098,595 shares of the company’s stock worth $326,250,000 after purchasing an additional 260,805 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of CrowdStrike by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 2,918,123 shares of the company’s stock worth $306,899,000 after purchasing an additional 110,678 shares during the period. Institutional investors and hedge funds own 61.40% of the company’s stock.

CrowdStrike Stock Up 1.9 %

CRWD opened at $150.90 on Monday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.45. The stock has a market cap of $35.78 billion, a price-to-earnings ratio of -232.15, a PEG ratio of 49.18 and a beta of 0.95. CrowdStrike Holdings, Inc. has a twelve month low of $92.25 and a twelve month high of $205.73. The company’s 50-day moving average price is $148.92 and its two-hundred day moving average price is $130.20.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last released its earnings results on Wednesday, May 31st. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.13. The firm had revenue of $692.58 million for the quarter, compared to analysts’ expectations of $677.30 million. CrowdStrike had a negative net margin of 6.18% and a negative return on equity of 8.76%. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. KeyCorp assumed coverage on shares of CrowdStrike in a report on Wednesday, June 14th. They set an “overweight” rating and a $200.00 price target on the stock. Mizuho lifted their price target on shares of CrowdStrike from $175.00 to $180.00 in a report on Thursday, June 15th. Royal Bank of Canada boosted their target price on shares of CrowdStrike from $170.00 to $180.00 in a report on Tuesday, May 30th. Stifel Nicolaus boosted their target price on shares of CrowdStrike from $125.00 to $128.00 in a report on Thursday, June 1st. Finally, Rosenblatt Securities initiated coverage on shares of CrowdStrike in a report on Monday, May 1st. They issued a “buy” rating and a $170.00 target price on the stock. Five research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $176.88.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 815 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total transaction of $122,641.20. Following the sale, the chief accounting officer now directly owns 31,852 shares in the company, valued at approximately $4,793,088.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Anurag Saha sold 815 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total transaction of $122,641.20. Following the sale, the chief accounting officer now directly owns 31,852 shares in the company, valued at approximately $4,793,088.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roxanne S. Austin sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $154.32, for a total transaction of $3,086,400.00. Following the sale, the director now owns 37,656 shares in the company, valued at $5,811,073.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 342,479 shares of company stock worth $51,344,648. 5.68% of the stock is owned by corporate insiders.

CrowdStrike Company Profile

(Free Report)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.