ASR Vermogensbeheer N.V. Takes 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 CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,799 shares of the company's stock, valued at approximately $5,570,000.

Several other large investors have also recently added to or reduced their stakes in CRWD. Brighton Jones LLC boosted its holdings in CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in CrowdStrike during the fourth quarter valued at approximately $17,416,000. Bessemer Group Inc. boosted its holdings in CrowdStrike by 98.8% during the fourth quarter. Bessemer Group Inc. now owns 2,123 shares of the company's stock valued at $726,000 after purchasing an additional 1,055 shares in the last quarter. Scotia Capital Inc. boosted its holdings in CrowdStrike by 8.0% during the fourth quarter. Scotia Capital Inc. now owns 56,460 shares of the company's stock valued at $19,319,000 after purchasing an additional 4,201 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in CrowdStrike by 2.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 101,233 shares of the company's stock valued at $34,638,000 after purchasing an additional 2,080 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Activity

In other news, Director Denis Oleary sold 15,680 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the transaction, the director directly owned 36,906 shares in the company, valued at approximately $17,306,330.58. The trade was a 29.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 231,130 shares of the company's stock, valued at $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 214,414 shares of company stock worth $101,484,738. Insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $0.51 on Friday, reaching $424.49. 3,626,057 shares of the company's stock were exchanged, compared to its average volume of 2,718,355. The company has a fifty day moving average of $477.04 and a 200-day moving average of $425.17. CrowdStrike has a twelve month low of $235.60 and a twelve month high of $517.98. The company has a market capitalization of $105.80 billion, a price-to-earnings ratio of -615.20 and a beta of 1.13. 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 - Get Free Report) last announced its 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 negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business's revenue was up 19.8% compared to the same quarter last year. On average, research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Royal Bank Of Canada raised their price objective on shares of CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Scotiabank raised their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. JMP Securities reaffirmed a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and a consensus price target of $461.17.

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.