Raiffeisen Bank International AG Buys 17,772 Shares of CrowdStrike (NASDAQ:CRWD)

Key Points

• Raiffeisen Bank International AG increased its holdings in CrowdStrike by 422.2% in the first quarter, owning 21,981 shares worth $7,849,000.
• Several other institutional investors, including Smithfield Trust Co and BIT Capital GmbH, also significantly increased their stakes in CrowdStrike during the same period.
• Insiders have sold a total of 154,014 shares of CrowdStrike, valued at approximately $74.2 million, indicating potential shifts in confidence among company executives.

Raiffeisen Bank International AG raised its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 422.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,981 shares of the company's stock after purchasing an additional 17,772 shares during the quarter. Raiffeisen Bank International AG's holdings in CrowdStrike were worth $7,849,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CRWD. Jennison Associates LLC lifted its stake in shares of CrowdStrike by 21.1% in the 1st 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 last quarter. GAMMA Investing LLC lifted its stake in shares of CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after acquiring an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after buying an additional 1,017,678 shares during the period. Voya Investment Management LLC lifted its holdings in CrowdStrike by 43.5% during the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after buying an additional 582,471 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new position in CrowdStrike during the 1st quarter worth about $188,050,000. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Trading Down 2.2%

Shares of CRWD traded down $9.79 during trading hours on Tuesday, hitting $445.07. The company had a trading volume of 699,479 shares, compared to its average volume of 3,741,437. CrowdStrike has a 52-week low of $221.56 and a 52-week high of $517.98. The firm has a market cap of $110.93 billion, a P/E ratio of -645.22 and a beta of 1.13. 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 stock's 50 day moving average price is $479.50 and its 200 day moving average price is $423.99.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.93 EPS. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. On average, research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 17,525 shares of CrowdStrike stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $477.62, for a total transaction of $8,370,290.50. Following the sale, the chief executive officer directly owned 2,175,154 shares of the company's stock, valued at approximately $1,038,897,053.48. The trade was a 0.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the sale, the president directly owned 422,204 shares in the company, valued at approximately $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 154,014 shares of company stock worth $74,238,060 over the last 90 days. 3.32% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on CRWD shares. Piper Sandler downgraded CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 target price on the stock. in a report on Monday, July 7th. UBS Group reissued a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Mizuho boosted 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. Cantor Fitzgerald boosted their price objective on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Finally, Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

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.