Ontario Teachers Pension Plan Board Invests $595,000 in CrowdStrike (NASDAQ:CRWD)

Key Points

• Ontario Teachers Pension Plan Board acquired a new stake in CrowdStrike, purchasing 1,688 shares worth approximately $595,000.
• CrowdStrike's recent earnings report revealed $1.10 billion in revenue with an EPS of $0.73, surpassing estimates.
• Insider selling activity has been notable, with Directors selling shares totaling over $7.5 million in value over the past quarter.

Ontario Teachers Pension Plan Board acquired a new position in CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,688 shares of the company's stock, valued at approximately $595,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRWD. FSA Wealth Management LLC boosted 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 during the last quarter. Tradewinds Capital Management LLC increased its stake in CrowdStrike by 20.8% during the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after acquiring an additional 25 shares during the last quarter. Close Asset Management Ltd increased its stake in CrowdStrike by 23.8% during the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after acquiring an additional 25 shares during the last quarter. Ramirez Asset Management Inc. boosted its position in shares of CrowdStrike by 5.9% during 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 during the period. Finally, Stratos Wealth Advisors LLC grew its stake in CrowdStrike by 0.9% during the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock worth $1,052,000 after purchasing an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CRWD. Evercore ISI reissued an "in-line" rating and issued a $440.00 price target (down from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Mizuho upped their price objective on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Wells Fargo & Company increased their price objective on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Stephens increased their price objective on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $495.00 price objective (up from $490.00) on shares of CrowdStrike in a report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $461.17.

CrowdStrike Trading Down 0.1%

Shares of NASDAQ:CRWD traded down $0.51 during midday trading on Friday, hitting $424.49. 3,626,057 shares of the stock traded hands, compared to its average volume of 2,730,743. CrowdStrike has a one year low of $235.60 and a one year high of $517.98. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The business's 50 day moving average is $477.04 and its two-hundred day moving average is $425.84. The stock has a market capitalization of $105.80 billion, a PE ratio of -615.20 and a beta of 1.13.

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

Insiders Place Their Bets

In other CrowdStrike news, Director Johanna Flower sold 2,073 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total transaction of $983,037.33. Following the sale, the director owned 81,383 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 2,132,887 shares in the company, valued at $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. 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.