Robeco Institutional Asset Management B.V. Sells 8,399 Shares of CrowdStrike (NASDAQ:CRWD)

Robeco Institutional Asset Management B.V. cut its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 16.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,206 shares of the company's stock after selling 8,399 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in CrowdStrike were worth $14,881,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CRWD. Norges Bank acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. GAMMA Investing LLC grew its position in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after buying an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC increased its stake 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 acquiring an additional 1,017,678 shares during the period. Raymond James Financial Inc. acquired a new position in CrowdStrike in the 4th quarter valued at $237,375,000. Finally, Voya Investment Management LLC lifted its position in shares of CrowdStrike by 43.5% during the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after acquiring an additional 582,471 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 1.3%

NASDAQ CRWD traded up $6.54 during trading hours on Monday, hitting $505.87. 707,668 shares of the company's stock were exchanged, compared to its average volume of 4,766,415. The firm has a market cap of $126.09 billion, a price-to-earnings ratio of -733.08 and a beta of 1.16. The stock has a 50-day simple moving average of $452.08 and a 200 day simple moving average of $401.81. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $510.15.

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

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,227 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $1,049,362.40. Following the transaction, the chief accounting officer now owns 43,019 shares in the company, valued at approximately $20,270,552.80. This represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now directly owns 768,092 shares of the company's stock, valued at $248,984,702.72. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 255,821 shares of company stock valued at $115,966,659. Corporate insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CRWD shares. Guggenheim restated a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Oppenheimer raised their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. KeyCorp dropped their target price on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. JMP Securities reaffirmed a "market outperform" rating and set a $500.00 price target on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Stifel Nicolaus lifted their price objective on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $453.88.

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.