E Fund Management Co. Ltd. Has $3.90 Million Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Key Points

• E Fund Management Co. Ltd. increased its holdings in CrowdStrike by 45.6% during the first quarter, acquiring an additional 3,465 shares, bringing the total to 11,063 shares valued at approximately $3.9 million.
• Insider trading activity saw CEO George Kurtz sell 42,267 shares for over $19 million, resulting in a 1.94% decrease in his ownership of the stock.
• CrowdStrike's stock currently has an average rating of "Moderate Buy" with a target price of $461.17 and reported 19.8% year-over-year revenue growth for the last quarter.

E Fund Management Co. Ltd. lifted its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 45.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,063 shares of the company's stock after purchasing an additional 3,465 shares during the quarter. E Fund Management Co. Ltd.'s holdings in CrowdStrike were worth $3,901,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CRWD. Nuveen LLC acquired a new stake in shares of CrowdStrike during the first quarter worth about $595,766,000. Jennison Associates LLC raised its position 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 worth $2,314,785,000 after purchasing an additional 1,144,295 shares during the period. GAMMA Investing LLC raised its position 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 worth $383,132,000 after purchasing an additional 1,084,506 shares during the period. Pathstone Holdings LLC raised its position 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 worth $440,116,000 after purchasing an additional 1,017,678 shares during the period. Finally, Vanguard Group Inc. raised its position 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 worth $8,051,011,000 after purchasing an additional 908,554 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CRWD shares. Wells Fargo & Company increased their price objective on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Rosenblatt Securities increased their price objective on CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Truist Financial reiterated a "buy" rating and set a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Wedbush increased their price objective on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Finally, Royal Bank Of Canada increased their price objective on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $461.17.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction 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 $346,387,895.49. The trade was a 0.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction 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 sale, the chief financial officer owned 231,130 shares of the company's stock, valued at $105,272,781.10. This trade represents a 4.89% 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 worth $101,484,738 over the last three months. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded down $7.26 during midday trading on Thursday, hitting $424.86. 2,908,551 shares of the company's stock were exchanged, compared to its average volume of 2,703,154. 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 12 month low of $242.25 and a 12 month high of $517.98. The company's 50 day moving average price is $473.60 and its 200 day moving average price is $426.66. The firm has a market capitalization of $105.90 billion, a PE ratio of -615.74 and a beta of 1.13.

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 the consensus estimate 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 quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. As a group, analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.