Caisse DE Depot ET Placement DU Quebec Makes New Investment in CrowdStrike $CRWD

Key Points

• Caisse DE Depot ET Placement DU Quebec purchased 34,600 shares of CrowdStrike, valued at approximately $12.2 million, marking a significant investment in the company during the first quarter.
• Wall Street analysts have increased their price targets for CrowdStrike, with companies like Wells Fargo and DA Davidson setting new objectives of $550 and $530, respectively, indicating strong bullish sentiment towards the stock.
• CrowdStrike's stock recently traded at around $422.61, with a market cap of $105.34 billion, and the company reported quarterly earnings exceeding analyst expectations, reflecting a year-over-year revenue growth of 21.4%.

Caisse DE Depot ET Placement DU Quebec acquired a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,600 shares of the company's stock, valued at approximately $12,199,000.

Several other hedge funds also recently bought and sold shares of the business. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike in the 1st quarter worth $25,000. Vision Financial Markets LLC purchased a new stake in shares of CrowdStrike in the 1st quarter worth $26,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in shares of CrowdStrike in the 1st quarter worth $30,000. Institutional investors own 71.16% of the company's stock.

Insiders Place Their Bets

In other news, Director Roxanne S. Austin sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the transaction, the director owned 18,858 shares in the company, valued at $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Burt W. Podbere sold 11,883 shares of the firm'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 value of $5,412,350.01. Following the completion of the transaction, the chief financial officer owned 231,130 shares in the company, valued at approximately $105,272,781.10. This trade represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 204,414 shares of company stock valued at $96,794,738. 3.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of analyst reports. Piper Sandler decreased their price objective on CrowdStrike from $505.00 to $450.00 and set a "neutral" rating for the company in a research note on Thursday. DZ Bank cut CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective for the company. in a research note on Thursday, May 22nd. The Goldman Sachs Group upped their price objective on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Truist Financial restated a "buy" rating and set a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research note on Thursday. Twenty-five research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $456.80.

CrowdStrike Price Performance

CRWD stock traded down $18.30 during mid-day trading on Friday, reaching $423.70. 5,472,042 shares of the company's stock were exchanged, compared to its average volume of 3,338,633. The company has a market cap of $105.61 billion, a price-to-earnings ratio of -356.05 and a beta of 1.13. The stock's 50 day moving average is $461.47 and its 200 day moving average is $427.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.85. CrowdStrike has a 12-month low of $242.25 and a 12-month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.CrowdStrike's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. On average, research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

CrowdStrike Profile

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.