Pictet Asset Management Holding SA Has $472.55 Million Position in CrowdStrike (NASDAQ:CRWD)

Pictet Asset Management Holding SA raised its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 11.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,340,005 shares of the company's stock after acquiring an additional 133,600 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.54% of CrowdStrike worth $472,551,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC lifted its stake in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after acquiring an additional 23 shares during the last quarter. Tradewinds Capital Management LLC raised its position in shares of CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares during the period. Stratos Wealth Advisors LLC raised its position 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 valued at $1,052,000 after purchasing an additional 26 shares during the period. Stratos Investment Management LLC raised its position in shares of CrowdStrike by 0.9% in the first quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock valued at $1,129,000 after purchasing an additional 27 shares during the period. Finally, American Financial Advisors LLC raised its position in shares of CrowdStrike by 2.9% in the first quarter. American Financial Advisors LLC now owns 1,008 shares of the company's stock valued at $355,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Trading Up 1.3%

CRWD traded up $6.13 during trading on Friday, reaching $475.96. 2,901,063 shares of the company's stock were exchanged, compared to its average volume of 4,756,174. CrowdStrike has a one year low of $200.81 and a one year high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $118.63 billion, a PE ratio of -689.80 and a beta of 1.16. The firm has a fifty day moving average price of $474.54 and a two-hundred day moving average price of $414.78.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,768 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total value of $869,449.36. Following the sale, the chief accounting officer directly owned 41,251 shares of the company's stock, valued at approximately $20,286,004.27. This represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 255,294 shares of company stock worth $118,670,500. Corporate insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CRWD shares. Stephens increased their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Needham & Company LLC increased their price objective on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Bank of America reissued a "neutral" rating and issued a $470.00 price objective (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. DA Davidson increased their price objective on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $456.60.

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.