AGF Management Ltd. Has $173.79 Million Position in CrowdStrike (NASDAQ:CRWD)

Key Points

• AGF Management Ltd. significantly increased its investment in CrowdStrike, acquiring 491,722 additional shares, bringing its total ownership to 492,921 shares, which represent 0.9% of its portfolio.
• CrowdStrike reported earnings of $0.73 per share, beating analysts' expectations of $0.66, but its revenue of $1.10 billion fell slightly short of the $1.11 billion consensus estimate.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with the price target ranging from $461.17 to $530.00.

AGF Management Ltd. increased its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 41,011.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 492,921 shares of the company's stock after purchasing an additional 491,722 shares during the quarter. CrowdStrike makes up 0.9% of AGF Management Ltd.'s investment portfolio, making the stock its 25th largest holding. AGF Management Ltd. owned about 0.20% of CrowdStrike worth $173,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after purchasing an additional 908,554 shares in the last quarter. Jennison Associates LLC increased its stake in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in CrowdStrike by 39.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock worth $939,747,000 after purchasing an additional 760,222 shares in the last quarter. Invesco Ltd. increased its stake in CrowdStrike by 16.4% in the 1st quarter. Invesco Ltd. now owns 2,506,418 shares of the company's stock worth $883,713,000 after purchasing an additional 352,473 shares in the last quarter. Finally, Northern Trust Corp increased its stake in CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after purchasing an additional 324,136 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the sale, the chief financial officer directly owned 231,130 shares in the company, valued at $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the sale, the director owned 18,858 shares in the company, valued at $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 214,414 shares of company stock valued at $101,484,738 in the last quarter. 3.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CRWD has been the topic of a number of analyst reports. 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 note on Wednesday, June 4th. Royal Bank Of Canada lifted their target price on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Morgan Stanley reaffirmed an "equal weight" rating and set a $495.00 target price (up previously from $490.00) on shares of CrowdStrike in a research note on Monday, July 14th. Raymond James Financial reaffirmed an "outperform" rating and set a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. One 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $461.17.

CrowdStrike Stock Performance

Shares of CRWD traded up $9.37 on Tuesday, reaching $435.80. 2,310,911 shares of the stock traded hands, compared to its average volume of 2,689,986. The firm has a market cap of $108.62 billion, a price-to-earnings ratio of -631.59 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a 12 month low of $240.01 and a 12 month high of $517.98. The stock's 50-day moving average price is $474.93 and its 200-day moving average price is $426.26.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Equities analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.