Nissay Asset Management Corp Japan ADV Raises Stake in CrowdStrike $CRWD

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in CrowdStrike by 13.1% during the 1st quarter, owning a total of 58,555 shares valued at approximately $20.65 million.
• Several hedge funds, including Cloud Capital Management and Atlantic Edge Private Wealth Management, also added to their investments in CrowdStrike, contributing to institutional investors owning 71.16% of the company.
• Analysts are generally optimistic, with a consensus rating of "Moderate Buy" and a target price of $460.10, despite recent fluctuations in price targets from various firms.

Nissay Asset Management Corp Japan ADV increased its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 13.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,555 shares of the company's stock after purchasing an additional 6,797 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in CrowdStrike were worth $20,645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of CrowdStrike by 4.1% during the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after purchasing an additional 908,554 shares during the period. Jennison Associates LLC lifted its holdings in CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the period. Goldman Sachs Group Inc. lifted its holdings in CrowdStrike by 39.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after acquiring an additional 760,222 shares during the period. Invesco Ltd. lifted its holdings in CrowdStrike by 16.4% in the first quarter. Invesco Ltd. now owns 2,506,418 shares of the company's stock valued at $883,713,000 after acquiring an additional 352,473 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in CrowdStrike by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,383,943 shares of the company's stock valued at $840,532,000 after acquiring an additional 445,612 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of CRWD stock traded up $10.43 during trading hours on Monday, hitting $428.06. 2,540,799 shares of the company's stock were exchanged, compared to its average volume of 3,713,077. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm has a market cap of $107.43 billion, a P/E ratio of -359.71, a P/E/G ratio of 130.70 and a beta of 1.12. The firm has a 50 day moving average of $453.56 and a two-hundred day moving average of $426.14. CrowdStrike has a fifty-two week low of $242.25 and a fifty-two week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity

In related news, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value 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 172,484 shares of company stock valued at $81,523,228 in the last three months. Company insiders own 3.32% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley decreased their price target on CrowdStrike from $495.00 to $460.00 and set an "equal weight" rating for the company in a report on Thursday, August 28th. BMO Capital Markets set a $450.00 price target on CrowdStrike in a report on Thursday, August 28th. Jefferies Financial Group decreased their price target on CrowdStrike from $530.00 to $500.00 and set a "buy" rating for the company in a report on Thursday, August 28th. Cfra reissued a "hold" rating and issued a $555.00 price target (up from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Finally, JMP Securities reissued a "market outperform" rating and issued a $500.00 price target on shares of CrowdStrike in a report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nineteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average price target of $460.10.

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.