Gulf International Bank UK Ltd Has $4.84 Million Holdings in CrowdStrike (NASDAQ:CRWD)

Key Points

• Gulf International Bank UK Ltd decreased its holdings in CrowdStrike by 22.8% during the first quarter, owning 13,733 shares after selling 4,065.
• Multiple institutional investors made significant changes to their positions, with 71.16% of CrowdStrike's stock now owned by institutional investors, including notable increases from Blue Trust Inc. and Voya Investment Management LLC.
• Analysts have mixed ratings for CrowdStrike, with the stock holding an average rating of "Moderate Buy" and a target price of $461.17, following various adjustments from analysts like Stephens and DZ Bank.

Gulf International Bank UK Ltd lessened its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 22.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,733 shares of the company's stock after selling 4,065 shares during the period. Gulf International Bank UK Ltd's holdings in CrowdStrike were worth $4,841,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CRWD. National Pension Service increased its position in CrowdStrike by 5.2% during the 1st quarter. National Pension Service now owns 467,070 shares of the company's stock worth $164,680,000 after buying an additional 23,044 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co increased its position in CrowdStrike by 250.0% during the 1st quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 19,147 shares of the company's stock worth $6,753,000 after buying an additional 13,676 shares during the period. LGT Fund Management Co Ltd. increased its position in CrowdStrike by 52.5% during the 1st quarter. LGT Fund Management Co Ltd. now owns 1,830 shares of the company's stock worth $645,000 after buying an additional 630 shares during the period. Russell Investments Group Ltd. increased its position in CrowdStrike by 6.1% during the 1st quarter. Russell Investments Group Ltd. now owns 136,726 shares of the company's stock worth $48,223,000 after buying an additional 7,826 shares during the period. Finally, Prudential PLC increased its position in CrowdStrike by 9.9% during the 1st quarter. Prudential PLC now owns 31,390 shares of the company's stock worth $11,067,000 after buying an additional 2,830 shares during the period. Institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Up 0.7%

Shares of CRWD traded up $3.04 during mid-day trading on Friday, reaching $427.90. 2,262,855 shares of the company were exchanged, compared to its average volume of 2,735,901. The stock has a market capitalization of $106.65 billion, a PE ratio of -620.14 and a beta of 1.13. The business has a 50 day simple moving average of $472.79 and a two-hundred day simple moving average of $426.79. 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.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share 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 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 firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. On average, analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $447.09, for a total value of $2,794,312.50. Following the completion of the sale, the director directly owned 774,761 shares in the company, valued at approximately $346,387,895.49. The trade was a 0.80% 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, Director Johanna Flower sold 2,073 shares of CrowdStrike stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the completion of the sale, the director owned 81,383 shares of the company's stock, valued at approximately $38,592,632.43. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 214,414 shares of company stock valued at $101,484,738 in the last 90 days. Company insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CRWD shares. Needham & Company LLC increased their price objective on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Stephens increased their price objective on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Macquarie started coverage on CrowdStrike in a report on Thursday, July 17th. They set a "neutral" rating and a $465.00 target price on the stock. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Finally, Bank of America reissued a "neutral" rating and set a $470.00 target price (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average price target of $461.17.

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.