First Washington CORP Acquires 4,827 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

First Washington CORP boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 106.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,352 shares of the company’s stock after purchasing an additional 4,827 shares during the quarter. First Washington CORP’s holdings in CrowdStrike were worth $3,584,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after buying an additional 315,280 shares during the period. First Trust Advisors LP grew its holdings in shares of CrowdStrike by 19.3% during the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after purchasing an additional 358,945 shares in the last quarter. Pathstone Holdings LLC bought a new position in shares of CrowdStrike in the fourth quarter worth $450,418,000. Bank of New York Mellon Corp raised its stake in CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after purchasing an additional 564,662 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in CrowdStrike by 2.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,176,988 shares of the company’s stock worth $300,509,000 after purchasing an additional 30,557 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 0.3 %

Shares of CrowdStrike stock opened at $268.72 on Wednesday. The stock’s 50-day moving average is $271.34 and its 200 day moving average is $312.95. CrowdStrike Holdings, Inc. has a one year low of $157.59 and a one year high of $398.33. The firm has a market cap of $65.40 billion, a price-to-earnings ratio of 507.02, a PEG ratio of 16.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Argus cut their target price on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, August 30th. HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and raised their target price for the company from $302.00 to $339.00 in a report on Friday, August 30th. Barclays boosted their price target on CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $315.00 price objective on shares of CrowdStrike in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $327.16.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $376.45, for a total value of $20,925,726.15. Following the transaction, the chief executive officer now directly owns 1,127,843 shares of the company’s stock, valued at $424,576,497.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $4,086,063.05. Following the transaction, the president now owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 55,587 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the transaction, the chief executive officer now owns 1,127,843 shares of the company’s stock, valued at approximately $424,576,497.35. The disclosure for this sale can be found here. Insiders sold a total of 130,219 shares of company stock worth $48,306,394 over the last quarter. 4.34% of the stock is currently owned by corporate insiders.

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.