National Pension Service Grows Position in CrowdStrike (NASDAQ:CRWD)

Key Points

• The National Pension Service increased its stake in CrowdStrike by 5.2%, now holding 467,070 shares valued at approximately $164.68 million.
• Institutional investors own 71.16% of CrowdStrike's stock, with notable increases in holdings from several large investment firms during the first quarter.
• CrowdStrike's stock has a consensus rating of "Moderate Buy" with a target price of $461.17, as reported by MarketBeat.

National Pension Service lifted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 5.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 467,070 shares of the company's stock after purchasing an additional 23,044 shares during the quarter. National Pension Service owned about 0.19% of CrowdStrike worth $164,680,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC lifted its stake in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after buying an additional 23 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after buying an additional 25 shares in the last quarter. Close Asset Management Ltd lifted its stake in shares of CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after buying an additional 25 shares in the last quarter. Ramirez Asset Management Inc. lifted its stake in shares of CrowdStrike by 5.9% in the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after buying an additional 25 shares in the last quarter. Finally, Stratos Wealth Advisors LLC lifted its stake in shares of CrowdStrike by 0.9% in the first quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock worth $1,052,000 after buying an additional 26 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Up 0.7%

Shares of NASDAQ:CRWD traded up $3.04 during trading hours on Friday, hitting $427.90. The company's stock had a trading volume of 2,262,855 shares, compared to its average volume of 3,719,686. CrowdStrike has a 52 week low of $242.25 and a 52 week high of $517.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $106.65 billion, a price-to-earnings ratio of -620.14 and a beta of 1.13. The firm's fifty day moving average price is $473.60 and its 200 day moving average price is $426.66.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRWD. BMO Capital Markets increased their price objective 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. DZ Bank downgraded shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target on the stock. in a research report on Thursday, May 22nd. Susquehanna increased their price target on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. Raymond James Financial reiterated an "outperform" rating and issued a $485.00 price target (up from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Wells Fargo & Company lifted their price target on shares of CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus price target of $461.17.

Insiders Place Their Bets

In other news, Director Johanna Flower sold 2,073 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total value of $983,037.33. Following the completion of the sale, the director owned 81,383 shares in the company, valued at approximately $38,592,632.43. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the business'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 transaction, the chief executive officer owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is owned by corporate 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.