CrowdStrike (NASDAQ:CRWD) Shares Bought by Swiss National Bank

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 stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 5.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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.

A number of other large investors also recently bought and sold shares of CRWD. Brighton Jones LLC boosted its position in shares of CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after purchasing an additional 2,417 shares during the period. Renaissance Technologies LLC acquired a new stake in CrowdStrike during the 4th quarter worth approximately $17,416,000. Bessemer Group Inc. lifted its holdings in CrowdStrike by 98.8% during the 4th quarter. Bessemer Group Inc. now owns 2,123 shares of the company's stock worth $726,000 after buying an additional 1,055 shares in the last quarter. Scotia Capital Inc. lifted its holdings in CrowdStrike by 8.0% during the 4th quarter. Scotia Capital Inc. now owns 56,460 shares of the company's stock worth $19,319,000 after buying an additional 4,201 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in CrowdStrike by 2.1% during the 4th quarter. Treasurer of the State of North Carolina now owns 101,233 shares of the company's stock worth $34,638,000 after buying an additional 2,080 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded down $0.51 during midday trading on Friday, hitting $424.49. The company had a trading volume of 3,626,057 shares, compared to its average volume of 2,718,355. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a twelve month low of $235.60 and a twelve month high of $517.98. The business has a 50-day simple moving average of $477.04 and a two-hundred day simple moving average of $425.17. The firm has a market capitalization of $105.80 billion, a price-to-earnings ratio of -615.20 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the business earned $0.93 earnings per share. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. Equities research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CRWD. Macquarie began coverage on shares of CrowdStrike in a report on Thursday, July 17th. They set a "neutral" rating and a $465.00 target price on the stock. The Goldman Sachs Group increased their target price on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Stephens increased their target price on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Truist Financial reaffirmed a "buy" rating and issued a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $495.00 price target (up previously from $490.00) on shares of CrowdStrike in a research note on Monday, July 14th. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $461.17.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is owned by company insiders.

CrowdStrike Company 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.