National Bank of Canada FI Trims Stock Holdings in CrowdStrike (NASDAQ:CRWD)

National Bank of Canada FI trimmed its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 199,373 shares of the company's stock after selling 13,488 shares during the quarter. National Bank of Canada FI owned approximately 0.08% of CrowdStrike worth $70,292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Renaissance Technologies LLC bought a new position in CrowdStrike in the fourth quarter worth approximately $17,416,000. Bessemer Group Inc. grew its stake in CrowdStrike by 98.8% in the fourth quarter. Bessemer Group Inc. now owns 2,123 shares of the company's stock worth $726,000 after purchasing an additional 1,055 shares in the last quarter. Scotia Capital Inc. grew its stake in CrowdStrike by 8.0% in the fourth quarter. Scotia Capital Inc. now owns 56,460 shares of the company's stock worth $19,319,000 after purchasing an additional 4,201 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in CrowdStrike by 2.1% in the fourth quarter. Treasurer of the State of North Carolina now owns 101,233 shares of the company's stock worth $34,638,000 after purchasing an additional 2,080 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Roth Capital increased their price objective on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Morgan Stanley reaffirmed an "equal weight" rating and set a $495.00 target price (up previously from $490.00) on shares of CrowdStrike in a research report on Monday, July 14th. JMP Securities reaffirmed a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. Sanford C. Bernstein cut CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price on the stock. in a research report on Friday, June 6th. Finally, Susquehanna increased their target price on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research report on Wednesday, June 4th. One investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $461.17.

Insider Buying and Selling

In related news, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the sale, the chief financial officer directly owned 231,130 shares in the company, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction dated Tuesday, August 5th. The stock was 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 approximately $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 worth $101,484,738 in the last quarter. 3.32% of the stock is owned by insiders.

CrowdStrike Trading Down 0.1%

CRWD stock opened at $424.49 on Friday. 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 has a 12-month low of $235.60 and a 12-month high of $517.98. The stock has a market cap of $105.80 billion, a price-to-earnings ratio of -615.20 and a beta of 1.13. The business's 50-day moving average is $477.04 and its 200 day moving average is $425.17.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 company 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. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. On average, sell-side analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.

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