Korea Investment CORP Has $92.56 Million Position in CrowdStrike $CRWD

Key Points

• Korea Investment CORP increased its stake in CrowdStrike by 23.2%, owning 262,525 shares valued at approximately $92.56 million following the purchase of an additional 49,366 shares in Q1.
• CrowdStrike reported $1.10 billion in revenue for the last quarter, with a 19.8% year-over-year growth while earnings per share beat estimates at $0.73.
• Multiple analysts have upgraded their price targets, with Needham & Company setting it at $530.00, reflecting growing confidence in the company's future performance.

Korea Investment CORP raised its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 23.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 262,525 shares of the company's stock after buying an additional 49,366 shares during the quarter. Korea Investment CORP owned about 0.11% of CrowdStrike worth $92,561,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CRWD. Nuveen LLC acquired a new position in CrowdStrike in the 1st quarter worth $595,766,000. Jennison Associates LLC boosted 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 buying an additional 1,144,295 shares during the period. 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 worth $383,132,000 after buying an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC raised its position in CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after buying an additional 1,017,678 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after acquiring an additional 908,554 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Performance

CRWD traded up $0.57 on Wednesday, reaching $419.17. The company had a trading volume of 2,208,565 shares, compared to its average volume of 3,694,942. The stock has a market cap of $104.48 billion, a P/E ratio of -607.49 and a beta of 1.13. 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 fifty-two week low of $242.25 and a fifty-two week high of $517.98. The company's fifty day moving average is $471.05 and its 200 day moving average is $427.34.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.The business's revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. As a group, analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling 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 value of $19,040,015.49. Following the completion of the sale, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. The trade was a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Denis Oleary sold 15,680 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the transaction, the director directly owned 36,906 shares in the company, valued at $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,414 shares of company stock valued at $101,484,738 in the last quarter. Company insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the subject of several research reports. DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target for the company. in a research note on Thursday, May 22nd. Stifel Nicolaus boosted their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Rosenblatt Securities raised their price objective on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a report on Monday, June 2nd. DA Davidson upped their target price on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets raised their price target on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Twenty-six investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $460.81.

About CrowdStrike

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.