BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $16.61 Million Position in CrowdStrike $CRWD

Key Points

• The British Columbia Investment Management Corp increased its stake in CrowdStrike by 5.7% during Q1, owning 47,105 shares valued at approximately $16.61 million.
• Multiple brokerages have raised their price targets for CrowdStrike, with Goldman Sachs increasing its target from $389.00 to $530.00 and a consensus rating of Moderate Buy among 26 analysts.
• Recent insider selling includes significant transactions by Director Roxanne S. Austin and President Michael Sentonas, amounting to over $19 million in sales of CrowdStrike stock.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,105 shares of the company's stock after acquiring an additional 2,543 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in CrowdStrike were worth $16,608,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of brokerages have weighed in on CRWD. The Goldman Sachs Group increased their price target on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. BMO Capital Markets raised their target price on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Stephens raised their target price on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Wedbush raised their target price on CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Finally, Scotiabank raised their target price on CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Twenty-six investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average target price of $460.81.

CrowdStrike Price Performance

CRWD stock opened at $420.55 on Friday. The company has a market capitalization of $104.82 billion, a P/E ratio of -609.49 and a beta of 1.13. 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 has a 52-week low of $242.25 and a 52-week high of $517.98. The business has a 50-day simple moving average of $467.34 and a two-hundred day simple moving average of $427.56.

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, beating analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.The company's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business 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. Research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 15,000 shares of CrowdStrike stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the completion of the transaction, the director owned 18,858 shares in the company, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction dated 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 transaction, the president owned 422,204 shares of the company's stock, valued at $201,391,308. This trade represents a 5.59% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is currently owned by corporate 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.

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