Mn Services Vermogensbeheer B.V. Has $29.69 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mn Services Vermogensbeheer B.V. cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,200 shares of the company's stock after selling 6,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in CrowdStrike were worth $29,687,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Optas LLC bought a new stake in shares of CrowdStrike in the 1st quarter valued at $209,000. Asio Capital LLC acquired a new position in CrowdStrike in the first quarter valued at about $2,417,000. Exchange Traded Concepts LLC increased its holdings in shares of CrowdStrike by 29.9% in the first quarter. Exchange Traded Concepts LLC now owns 12,238 shares of the company's stock worth $4,315,000 after acquiring an additional 2,820 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares during the period. Finally, Ritholtz Wealth Management lifted its holdings in shares of CrowdStrike by 23.8% during the 1st quarter. Ritholtz Wealth Management now owns 3,824 shares of the company's stock valued at $1,348,000 after purchasing an additional 736 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CRWD shares. UBS Group reiterated a "buy" rating on shares of CrowdStrike in a report on Tuesday, June 3rd. Needham & Company LLC raised their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. BMO Capital Markets raised their target price on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target on the stock. in a research report on Friday, June 6th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $453.17.

CrowdStrike Price Performance

CRWD stock traded down $1.11 during trading on Friday, reaching $480.62. 2,608,585 shares of the company were exchanged, compared to its average volume of 5,027,016. The company has a market capitalization of $119.13 billion, a price-to-earnings ratio of 942.41, a P/E/G ratio of 17.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a 50-day moving average of $428.81 and a two-hundred day moving average of $392.22. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating 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 return on equity of 7.11% and a net margin of 3.39%. During the same period in the prior year, the company earned $0.93 EPS. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares of the company's stock, valued at $12,969,492.30. The trade was a 3.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 13,543 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the transaction, the president now directly owns 405,308 shares of the company's stock, valued at approximately $145,351,554.96. This represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 252,361 shares of company stock valued at $106,359,058 over the last quarter. 3.32% of the stock is owned by company insiders.

CrowdStrike 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.