Orrstown Financial Services Inc. Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Orrstown Financial Services Inc. purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 687 shares of the company’s stock, valued at approximately $242,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after purchasing an additional 342,294 shares during the period. Geode Capital Management LLC raised its position in shares of CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the period. Norges Bank bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. Northern Trust Corp raised its position in shares of CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company’s stock valued at $777,292,000 after purchasing an additional 324,136 shares during the period. Finally, FMR LLC raised its position in shares of CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company’s stock valued at $754,179,000 after purchasing an additional 287,960 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 1.2%

Shares of NASDAQ:CRWD opened at $468.41 on Friday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $491.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company’s fifty day moving average is $415.18 and its 200-day moving average is $388.29. The company has a market capitalization of $116.11 billion, a PE ratio of 918.47, a P/E/G ratio of 17.86 and a beta of 1.22.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now owns 89,714 shares in the company, valued at $31,669,042. This represents a 4.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 211,681 shares of company stock worth $87,081,236 in the last 90 days. Corporate insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRWD. Bank of America reissued a “neutral” rating and issued a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday. Citigroup reaffirmed an “outperform” rating on shares of CrowdStrike in a research report on Monday, May 5th. BMO Capital Markets boosted their target price on shares of CrowdStrike from $405.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday. Susquehanna boosted their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a “positive” rating in a research report on Wednesday. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $450.43.

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.