Assenagon Asset Management S.A. Has $36.75 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Assenagon Asset Management S.A. decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 85.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 104,222 shares of the company's stock after selling 632,962 shares during the quarter. Assenagon Asset Management S.A.'s holdings in CrowdStrike were worth $36,747,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in shares of CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after buying an additional 2,417 shares during the period. Savant Capital LLC lifted its holdings in shares of CrowdStrike by 9.6% in the fourth quarter. Savant Capital LLC now owns 2,821 shares of the company's stock valued at $965,000 after buying an additional 247 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at $100,000. Capital Advisors Inc. OK lifted its holdings in shares of CrowdStrike by 4.6% in the fourth quarter. Capital Advisors Inc. OK now owns 1,975 shares of the company's stock valued at $676,000 after buying an additional 87 shares during the period. Finally, Avidian Wealth Enterprises LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at $204,000. Institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Down 0.2%

Shares of NASDAQ CRWD traded down $1.11 during midday trading on Friday, hitting $480.62. The stock had a trading volume of 2,608,585 shares, compared to its average volume of 5,027,016. The company's 50-day simple moving average is $428.81 and its 200 day simple moving average is $392.53. The firm has a market cap of $119.13 billion, a P/E ratio of 942.41, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the firm earned $0.93 EPS. The business's revenue for the quarter was up 19.8% on a year-over-year basis. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRWD. JPMorgan Chase & Co. upped their target price on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Piper Sandler upped their target price on CrowdStrike from $400.00 to $505.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Truist Financial reaffirmed a "buy" rating and issued a $500.00 target price (up from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Royal Bank of Canada increased their price objective on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Roth Capital increased their target price on CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $453.17.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president now directly owns 422,204 shares in the company, valued at approximately $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value 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 represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 252,361 shares of company stock valued at $106,359,058 over the last three months. Company insiders own 3.32% of the company's stock.

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.