APG Asset Management US Inc. Raises Stake in CrowdStrike $CRWD

Key Points

• APG Asset Management US Inc. increased its stake in CrowdStrike by 18.7%, owning 8,697 shares valued at approximately $3.15 million after purchasing additional shares in Q1.
• Other major investors, such as Nuveen LLC and Jennison Associates LLC, also significantly raised their positions in CrowdStrike during the same period.
• CrowdStrike's recent earnings report showed a 19.8% year-over-year revenue growth to $1.10 billion, exceeding EPS expectations by $0.07, with shares currently trading around $420.55.

APG Asset Management US Inc. boosted its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 18.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,697 shares of the company's stock after buying an additional 1,371 shares during the period. APG Asset Management US Inc.'s holdings in CrowdStrike were worth $3,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in CrowdStrike in the 1st quarter worth approximately $595,766,000. Jennison Associates LLC boosted its position 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. GAMMA Investing LLC boosted its position in CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after purchasing an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC raised its stake in shares of CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after buying an additional 1,017,678 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after buying an additional 908,554 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

CRWD stock opened at $420.55 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $104.82 billion, a P/E ratio of -609.49 and a beta of 1.13. The business's 50-day moving average is $467.34 and its two-hundred day moving average is $427.49. CrowdStrike has a 1 year low of $242.25 and a 1 year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. Analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Roxanne S. Austin sold 9,447 shares of the firm's stock in a transaction dated 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 sale, the director owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. This trade represents a 33.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction dated 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 trade represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,414 shares of company stock worth $101,484,738 over the last ninety days. Company insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CRWD. Raymond James Financial reaffirmed an "outperform" rating and set a $485.00 target price (up from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Stifel Nicolaus increased their price objective on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Wedbush increased their price objective on CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Finally, The Goldman Sachs Group increased their price objective on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Twenty-six analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $460.81.

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.

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