541 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the second quarter, HoldingsChannel.com reports. The fund acquired 541 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Norges Bank acquired a new position in shares of CrowdStrike in the fourth quarter worth approximately $683,336,000. Pathstone Holdings LLC acquired a new position in CrowdStrike in the fourth quarter valued at approximately $450,418,000. Jennison Associates LLC lifted its stake in 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 buying an additional 1,581,796 shares during the period. Vanguard Group Inc. lifted its stake in CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in CrowdStrike by 619.0% in the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after buying an additional 477,706 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

CRWD traded up $0.24 during trading on Tuesday, reaching $267.02. 2,029,037 shares of the company were exchanged, compared to its average volume of 5,404,957. The company’s 50-day moving average is $322.77 and its two-hundred day moving average is $321.07. The company has a market cap of $64.98 billion, a price-to-earnings ratio of 500.00, a P/E/G ratio of 11.79 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 Holdings, Inc. has a 12-month low of $141.97 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Research analysts forecast that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,219 shares of company stock valued at $48,856,294. Corporate insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CRWD. BMO Capital Markets dropped their price target on CrowdStrike from $410.00 to $290.00 and set an “outperform” rating on the stock in a research note on Friday. The Goldman Sachs Group dropped their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. FBN Securities upgraded CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Needham & Company LLC decreased their price objective on CrowdStrike from $425.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Citigroup decreased their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $337.58.

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.