Marshall Investment Management LLC Purchases 64 Shares of CrowdStrike (NASDAQ:CRWD)

Marshall Investment Management LLC raised its position in CrowdStrike (NASDAQ:CRWD) by 0.9% during the 1st quarter, HoldingsChannel reports. The fund owned 7,353 shares of the company’s stock after buying an additional 64 shares during the quarter. CrowdStrike comprises about 1.6% of Marshall Investment Management LLC’s portfolio, making the stock its 23rd largest holding. Marshall Investment Management LLC’s holdings in CrowdStrike were worth $2,593,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CRWD. Brighton Jones LLC increased its position in shares of CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock worth $2,670,000 after purchasing an additional 2,417 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in shares of CrowdStrike by 70.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 9,798 shares of the company’s stock worth $3,353,000 after purchasing an additional 4,044 shares during the last quarter. Level Four Advisory Services LLC increased its position in shares of CrowdStrike by 24.9% during the 4th quarter. Level Four Advisory Services LLC now owns 2,792 shares of the company’s stock worth $955,000 after purchasing an additional 557 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of CrowdStrike by 200.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 763 shares of the company’s stock worth $261,000 after purchasing an additional 509 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of CrowdStrike by 2,586.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company’s stock worth $143,055,000 after purchasing an additional 402,531 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CRWD shares. Macquarie started coverage on CrowdStrike in a research note on Thursday, July 17th. They issued a “neutral” rating and a $465.00 price target on the stock. Truist Financial restated a “buy” rating and issued a $500.00 price target (up previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Oppenheimer increased their price target on CrowdStrike from $410.00 to $520.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Wells Fargo & Company increased their price target on CrowdStrike from $430.00 to $550.00 and gave the company an “overweight” rating in a research note on Monday, June 2nd. Finally, Mizuho increased their price target on CrowdStrike from $425.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $461.17.

CrowdStrike Trading Up 0.9%

Shares of CRWD stock opened at $472.18 on Tuesday. The stock has a 50-day moving average of $478.45 and a 200-day moving average of $420.40. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The stock has a market cap of $117.69 billion, a price-to-earnings ratio of -684.32 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The firm’s revenue was up 19.8% on a year-over-year basis. On average, equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In related news, Director Roxanne S. Austin sold 9,447 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director owned 18,858 shares of the company’s stock, valued at $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Johanna Flower sold 2,073 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the sale, the director directly owned 81,383 shares of the company’s stock, valued at $38,592,632.43. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 241,820 shares of company stock valued at $113,297,985 over the last ninety days. Insiders own 3.32% of the company’s stock.

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.