Banco Santander S.A. Grows Position in CrowdStrike (NASDAQ:CRWD)

Key Points

• Banco Santander S.A. increased its stake in CrowdStrike by 104.4% in the first quarter, acquiring an additional 6,337 shares to own a total of 12,406 shares valued at $4.37 million.
• Several hedge funds, including OVERSEA CHINESE BANKING and PNC Financial Services, also significantly increased their holdings in CrowdStrike during the same period.
• CrowdStrike's consensus rating is a "Moderate Buy", with a current average price target of $461.17, as many analysts have raised their price targets recently.

Banco Santander S.A. raised its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 104.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,406 shares of the company's stock after buying an additional 6,337 shares during the period. Banco Santander S.A.'s holdings in CrowdStrike were worth $4,374,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its position in shares of CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after buying an additional 1,144,295 shares in the last quarter. Northern Trust Corp boosted its stake in shares of CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after purchasing an additional 324,136 shares in the last quarter. FMR LLC boosted its stake in CrowdStrike by 15.0% during the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after acquiring an additional 287,960 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in CrowdStrike by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,938,331 shares of the company's stock worth $663,221,000 after acquiring an additional 206,159 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after acquiring an additional 582,471 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded up $8.20 on Monday, reaching $454.86. The company's stock had a trading volume of 1,879,660 shares, compared to its average volume of 2,655,223. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. The company has a market cap of $113.37 billion, a P/E ratio of -659.22 and a beta of 1.13. The company has a 50-day simple moving average of $479.51 and a 200 day simple moving average of $423.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on CRWD shares. Macquarie started coverage on shares of CrowdStrike in a research note on Thursday, July 17th. They issued a "neutral" rating and a $465.00 target price on the stock. Raymond James Financial reissued an "outperform" rating and set a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Roth Capital increased their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wells Fargo & Company increased their price objective on shares of CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Finally, Truist Financial restated a "buy" rating and set a $500.00 price objective (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $461.17.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total value of $3,202,687.50. Following the completion of the sale, the director owned 781,011 shares in the company, valued at approximately $400,213,466.73. This trade represents a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction dated Tuesday, July 1st. The shares were 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 $9,667,553.70. The trade was a 33.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,014 shares of company stock worth $74,238,060. 3.32% of the stock is currently owned by insiders.

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.