First Trust Direct Indexing L.P. Acquires 300 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

First Trust Direct Indexing L.P. grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,182 shares of the company’s stock after purchasing an additional 300 shares during the period. First Trust Direct Indexing L.P.’s holdings in CrowdStrike were worth $1,020,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lido Advisors LLC lifted its stake in shares of CrowdStrike by 5.7% in the 3rd quarter. Lido Advisors LLC now owns 4,533 shares of the company’s stock valued at $759,000 after acquiring an additional 246 shares during the last quarter. Scotia Capital Inc. grew its holdings in shares of CrowdStrike by 571.3% during the third quarter. Scotia Capital Inc. now owns 16,427 shares of the company’s stock worth $2,750,000 after purchasing an additional 13,980 shares during the last quarter. Crestwood Advisors Group LLC acquired a new stake in CrowdStrike during the 3rd quarter worth approximately $210,000. Dana Investment Advisors Inc. increased its position in CrowdStrike by 10.9% in the 3rd quarter. Dana Investment Advisors Inc. now owns 34,097 shares of the company’s stock valued at $5,707,000 after acquiring an additional 3,343 shares during the period. Finally, Toroso Investments LLC lifted its holdings in shares of CrowdStrike by 2.7% during the third quarter. Toroso Investments LLC now owns 21,919 shares of the company’s stock worth $3,669,000 after purchasing an additional 566 shares during the period. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 56,279 shares of the firm’s 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 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. Insiders sold 219,675 shares of company stock valued at $76,681,402 in the last quarter. Company insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 0.6 %

CRWD stock opened at $387.18 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market capitalization of $94.22 billion, a PE ratio of 730.54, a price-to-earnings-growth ratio of 19.51 and a beta of 1.10. The company’s 50 day moving average price is $348.89 and its two-hundred day moving average price is $317.21. CrowdStrike Holdings, Inc. has a one year low of $139.37 and a one year high of $394.64.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 net margin of 4.01% and a return on equity of 7.39%. As a group, analysts predict that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CRWD shares. Oppenheimer raised their target price on CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 target price on shares of CrowdStrike in a research report on Friday, June 21st. JMP Securities restated a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research report on Tuesday, May 14th. Wedbush decreased their price objective on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, June 5th. Finally, BTIG Research dropped their target price on shares of CrowdStrike from $432.00 to $402.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Two research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $382.35.

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.