Securian Asset Management Inc. Grows Position in CrowdStrike (NASDAQ:CRWD)

Securian Asset Management Inc. raised its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,047 shares of the company's stock after buying an additional 545 shares during the period. Securian Asset Management Inc.'s holdings in CrowdStrike were worth $4,600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after buying an additional 342,294 shares during the period. Geode Capital Management LLC boosted its position in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after buying an additional 124,984 shares during the period. Norges Bank acquired a new stake in shares of CrowdStrike in the 4th quarter valued at $1,111,542,000. Northern Trust Corp raised its holdings in shares of CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after purchasing an additional 324,136 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of CrowdStrike by 15.0% in the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after purchasing an additional 287,960 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

NASDAQ:CRWD traded up $4.82 during trading hours on Friday, hitting $474.65. The company's stock had a trading volume of 2,126,603 shares, compared to its average volume of 3,864,178. The stock has a fifty day simple moving average of $473.24 and a 200-day simple moving average of $413.85. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The company has a market capitalization of $118.31 billion, a P/E ratio of -687.73 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CRWD shares. Citigroup restated an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Macquarie started coverage on shares of CrowdStrike in a report on Thursday. They issued a "neutral" rating and a $465.00 price objective on the stock. Scotiabank raised their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. BMO Capital Markets raised their price objective on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Cfra reiterated a "hold" rating and set a $555.00 price target (up from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $456.60.

Insider Activity

In related news, CAO Anurag Saha sold 1,768 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the completion of the sale, the chief accounting officer owned 41,251 shares in the company, valued at approximately $20,286,004.27. This represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 17,525 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $477.62, for a total value of $8,370,290.50. Following the sale, the chief executive officer owned 2,175,154 shares of the company's stock, valued at $1,038,897,053.48. This trade represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 255,294 shares of company stock valued at $118,670,500. Corporate insiders own 3.32% of the company's stock.

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.