Swiss National Bank Has $244.90 Million Position in CrowdStrike (NASDAQ:CRWD)

Key Points

• Swiss National Bank increased its stake in CrowdStrike by 5.7% during the first quarter, now holding approximately 694,600 shares valued at about $244.9 million.
• CrowdStrike reported $1.10 billion in revenue for the last quarter, slightly below analysts' expectations, while beating earnings per share estimates at $0.73.
• Insider trading activity includes significant sales by CEO George Kurtz and Director Roxanne S. Austin, with 214,414 shares sold valued at over $101.4 million in the last 90 days.

Swiss National Bank raised its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 5.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 694,600 shares of the company's stock after buying an additional 37,200 shares during the quarter. Swiss National Bank owned about 0.28% of CrowdStrike worth $244,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRWD. Jennison Associates LLC grew its holdings in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after purchasing an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after purchasing an additional 1,017,678 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 4.1% during the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after purchasing an additional 908,554 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of CrowdStrike by 39.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after purchasing an additional 760,222 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Sanford C. Bernstein lowered CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price for the company. in a report on Friday, June 6th. Barclays set a $500.00 target price on CrowdStrike in a report on Tuesday, June 3rd. Scotiabank increased their price objective on CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Cfra reissued a "hold" rating and issued a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Finally, Jefferies Financial Group increased their price objective on CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $461.17.

Insider Activity

In other news, Director Roxanne S. Austin sold 15,000 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 18,858 shares of the company's stock, valued at approximately $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer directly owned 231,130 shares in the company, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 214,414 shares of company stock valued at $101,484,738. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Up 1.3%

CrowdStrike stock traded up $5.42 during mid-day trading on Monday, hitting $429.91. 1,250,006 shares of the company's stock were exchanged, compared to its average volume of 3,743,531. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market cap of $107.16 billion, a P/E ratio of -623.06 and a beta of 1.13. CrowdStrike has a 1-year low of $235.60 and a 1-year high of $517.98. The stock has a 50 day moving average of $477.04 and a two-hundred day moving average of $425.84.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal 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.