Diversified Trust Co Has $1.24 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Diversified Trust Co boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 12.3% in the first quarter, HoldingsChannel.com reports. The firm owned 3,863 shares of the company’s stock after buying an additional 422 shares during the period. Diversified Trust Co’s holdings in CrowdStrike were worth $1,238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Morgan Stanley increased its position in CrowdStrike by 124.4% during the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after purchasing an additional 2,757,251 shares during the period. Norges Bank acquired a new stake in shares of CrowdStrike during the fourth quarter worth $683,336,000. Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $450,418,000. Jennison Associates LLC raised its stake in CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings 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. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CRWD. UBS Group lifted their price objective on CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group lifted their target price on CrowdStrike from $400.00 to $405.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Stifel Nicolaus increased their price target on CrowdStrike from $315.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. TD Cowen lifted their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $425.00 price target on shares of CrowdStrike in a report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $380.62.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $392.15 on Tuesday. The firm has a market capitalization of $95.43 billion, a P/E ratio of 739.91, a P/E/G ratio of 19.31 and a beta of 1.08. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $341.55 and its two-hundred day simple moving average is $314.36. CrowdStrike Holdings, Inc. has a twelve month low of $139.37 and a twelve month high of $394.64.

CrowdStrike (NASDAQ:CRWD) last announced 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 company had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the sale, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $316.82, for a total transaction of $4,752,300.00. Following the transaction, the director now owns 839,234 shares of the company’s stock, valued at approximately $265,886,115.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the sale, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,675 shares of company stock worth $75,730,552. Corporate insiders own 4.34% of the company’s stock.

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.