CrowdStrike (NASDAQ:CRWD) Holdings Raised by LGT Fund Management Co Ltd.

Key Points

• LGT Fund Management Co Ltd. increased its stake in CrowdStrike by 52.5% during the first quarter, owning a total of 1,830 shares valued at $645,000 after purchasing an additional 630 shares.
• Major institutional investors such as Vanguard Group Inc. and Goldman Sachs Group Inc. also boosted their holdings, reflecting a broader institutional interest in CrowdStrike.
• CrowdStrike's stock has experienced fluctuations, with a current price of $435.80, while analysts set an average target price of $461.17 for the stock.

LGT Fund Management Co Ltd. boosted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 52.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,830 shares of the company's stock after purchasing an additional 630 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in CrowdStrike were worth $645,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of CrowdStrike by 20.4% in the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after purchasing an additional 215 shares in the last quarter. OLD National Bancorp IN acquired a new stake in shares of CrowdStrike in the 1st quarter worth $248,000. Bessemer Group Inc. boosted its position in shares of CrowdStrike by 4.6% in the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after purchasing an additional 98 shares in the last quarter. CX Institutional acquired a new stake in shares of CrowdStrike in the 1st quarter worth $175,000. Finally, Voya Investment Management LLC boosted its position in shares of CrowdStrike by 43.5% in the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after purchasing an additional 582,471 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Roxanne S. Austin sold 9,447 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 42,267 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the sale, the chief executive officer owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. The trade was a 1.94% 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 ninety days. 3.32% of the stock is owned by company insiders.

CrowdStrike Stock Up 0.7%

Shares of CrowdStrike stock traded up $3.04 during trading on Friday, reaching $427.90. The company had a trading volume of 2,262,855 shares, compared to its average volume of 2,735,901. The company has a market cap of $106.65 billion, a price-to-earnings ratio of -620.14 and a beta of 1.13. CrowdStrike has a fifty-two week low of $242.25 and a fifty-two week high of $517.98. The firm's fifty day moving average is $472.79 and its 200-day moving average is $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 (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 during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. On average, analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several research analyst reports. JMP Securities reiterated a "market outperform" rating and set a $500.00 price target on shares of CrowdStrike in a research note on Wednesday, June 4th. Truist Financial reissued a "buy" rating and issued a $500.00 price objective (up previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Needham & Company LLC boosted their price objective on CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. The Goldman Sachs Group boosted their price objective on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Jefferies Financial Group boosted their price objective on CrowdStrike from $520.00 to $530.00 and gave the company a "buy" rating in a report on Thursday, July 24th. 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 stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus 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.