Mediolanum International Funds Ltd Acquires 24,115 Shares of CrowdStrike (NASDAQ:CRWD)

Key Points

• Mediolanum International Funds Ltd increased its holdings in CrowdStrike by 35.0%, acquiring an additional 24,115 shares during the first quarter, bringing their total to 92,953 shares worth approximately $33,194,000.
• Several large investors have recently adjusted their positions in CrowdStrike, with 71.16% of the stock now owned by institutional investors, highlighting growing interest in the company.
• CrowdStrike’s latest earnings report showed a 19.8% year-over-year increase in revenue, though it reported an EPS of $0.73, slightly beating analysts' estimates of $0.66.

Mediolanum International Funds Ltd increased its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 35.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,953 shares of the company's stock after purchasing an additional 24,115 shares during the period. Mediolanum International Funds Ltd's holdings in CrowdStrike were worth $33,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Jennison Associates LLC boosted its stake in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after buying an additional 1,144,295 shares in the last quarter. Geode Capital Management LLC boosted its stake in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Norges Bank acquired a new stake in CrowdStrike in the 4th quarter valued at $1,111,542,000. Northern Trust Corp boosted its stake in CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after buying an additional 324,136 shares in the last quarter. Finally, FMR LLC boosted its stake in CrowdStrike by 15.0% in the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after buying an additional 287,960 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the transaction, the chief executive officer owned 2,192,610 shares of the company's stock, valued at $981,280,679.40. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the transaction, the director directly owned 18,858 shares in the company, valued at $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 241,820 shares of company stock worth $113,297,985 over the last quarter. 3.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on CRWD. Rosenblatt Securities boosted their price target on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. Stephens boosted their price target on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. DA Davidson boosted their price target on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Cantor Fitzgerald boosted their price objective on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Finally, The Goldman Sachs Group boosted their price objective on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $461.17.

CrowdStrike Trading Up 1.3%

Shares of NASDAQ:CRWD traded up $5.89 on Friday, reaching $467.92. 1,788,951 shares of the company traded hands, compared to its average volume of 2,689,736. The business's 50-day simple moving average is $477.89 and its 200 day simple moving average is $419.12. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The stock has a market capitalization of $116.63 billion, a P/E ratio of -678.14 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.93 EPS. The business's revenue was up 19.8% on a year-over-year basis. As a group, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.