ASR Vermogensbeheer N.V. Takes $5.57 Million Position in CrowdStrike (NASDAQ:CRWD)

Key Points

• ASR Vermogensbeheer N.V. invested approximately $5.57 million in CrowdStrike by acquiring 15,799 shares during the first quarter, highlighting growing institutional interest in the cybersecurity firm.
• Insider transactions showed significant selling, with Directors Roxanne S. Austin and Denis Oleary selling 15,000 and 15,680 shares respectively, representing substantial decreases in their holdings.
• Analysts have mixed views on CrowdStrike, with recommendations ranging from a "strong sell" to a "market outperform," indicating varying market expectations despite the company's recent positive earnings report.

ASR Vermogensbeheer N.V. bought a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,799 shares of the company's stock, valued at approximately $5,570,000.

Other hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in CrowdStrike in the first quarter valued at about $25,000. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike during the first quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC lifted its position in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in CrowdStrike during the 1st quarter valued at $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CRWD shares. DA Davidson upped their price target on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company increased their target price on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Canaccord Genuity Group restated a "hold" rating and set a $475.00 price objective (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Cantor Fitzgerald boosted their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Finally, UBS Group reissued 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 given a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $461.17.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president owned 422,204 shares of the company's stock, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the sale, the chief financial officer owned 231,130 shares in the company, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is owned by company insiders.

CrowdStrike Stock Up 1.6%

CRWD traded up $6.64 on Monday, hitting $431.13. The company had a trading volume of 978,921 shares, compared to its average volume of 3,741,038. The stock has a fifty day simple moving average of $477.04 and a 200-day simple moving average of $425.84. CrowdStrike has a 52-week low of $235.60 and a 52-week high of $517.98. The firm has a market capitalization of $107.46 billion, a P/E ratio of -623.85 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 (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $0.93 EPS. The company's revenue for the quarter was up 19.8% on a year-over-year basis. As a group, equities analysts expect 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.