TD Asset Management Inc Raises Stake in CrowdStrike (NASDAQ:CRWD)

Key Points

• TD Asset Management Inc increased its stake in CrowdStrike by 20.9% during the first quarter, holding 156,940 shares valued at approximately $55.33 million.
• CrowdStrike recently announced an EPS of $0.73, exceeding analysts' expectations of $0.66, and reported a 19.8% increase in revenue year-over-year.
• Insider trading showed significant activity, with CEO George Kurtz selling over 55,556 shares worth approximately $24.86 million, reducing his ownership by 2.47%.

TD Asset Management Inc grew its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 20.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,940 shares of the company's stock after purchasing an additional 27,165 shares during the period. TD Asset Management Inc owned about 0.06% of CrowdStrike worth $55,334,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 23 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings 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 last quarter. Close Asset Management Ltd raised its holdings in shares of CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after purchasing an additional 25 shares during the last quarter. Stratos Wealth Advisors LLC grew its position in CrowdStrike by 0.9% during the first quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock valued at $1,052,000 after buying an additional 26 shares during the period. Finally, Stratos Investment Management LLC grew its position in CrowdStrike by 0.9% during the first quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock valued at $1,129,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $2.06 on Wednesday, hitting $463.45. 1,526,944 shares of the company traded hands, compared to its average volume of 3,784,632. The business has a 50-day simple moving average of $478.91 and a 200 day simple moving average of $420.72. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The stock has a market capitalization of $115.52 billion, a P/E ratio of -671.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. The company 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 firm's revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. Research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CRWD shares. Jefferies Financial Group lifted their price target on shares of CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. The Goldman Sachs Group upped their price objective on shares of CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. BMO Capital Markets upped their target price on CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $440.00 price objective (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. One analyst has 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.com, the stock has an average rating of "Moderate Buy" and an average target price of $461.17.

Insider Transactions at CrowdStrike

In related news, Director Johanna Flower sold 2,073 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total transaction of $983,037.33. Following the transaction, the director directly owned 81,383 shares in the company, valued at approximately $38,592,632.43. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the transaction, the director owned 781,011 shares in the company, valued at $400,213,466.73. The trade was a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 241,820 shares of company stock worth $113,297,985. 3.32% of the stock is currently owned by corporate insiders.

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.