Tokio Marine Asset Management Co. Ltd. Acquires 698 Shares of CrowdStrike (NASDAQ:CRWD)

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in CrowdStrike by 9.9% during the first quarter, owning 7,773 shares worth $2,741,000 according to its recent SEC filing.
• CrowdStrike's stock recently traded at $424.86 with a market cap of $105.90 billion, experiencing a negative net margin of 4.17% in its latest earnings report.
• Wall Street analysts have generally rated CrowdStrike positively, with an average price target of $461.17 and twenty-six analysts issuing a "buy" rating.

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 9.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,773 shares of the company's stock after acquiring an additional 698 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in CrowdStrike were worth $2,741,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. National Pension Service raised its stake in shares of CrowdStrike by 5.2% during the first quarter. National Pension Service now owns 467,070 shares of the company's stock valued at $164,680,000 after acquiring an additional 23,044 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co raised its stake in CrowdStrike by 250.0% during the first quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 19,147 shares of the company's stock worth $6,753,000 after buying an additional 13,676 shares during the last quarter. LGT Fund Management Co Ltd. raised its stake in CrowdStrike by 52.5% during the first quarter. LGT Fund Management Co Ltd. now owns 1,830 shares of the company's stock worth $645,000 after buying an additional 630 shares during the last quarter. Russell Investments Group Ltd. raised its stake in CrowdStrike by 6.1% during the first quarter. Russell Investments Group Ltd. now owns 136,726 shares of the company's stock worth $48,223,000 after buying an additional 7,826 shares during the last quarter. Finally, Prudential PLC raised its stake in CrowdStrike by 9.9% during the first quarter. Prudential PLC now owns 31,390 shares of the company's stock worth $11,067,000 after buying an additional 2,830 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CRWD shares. Roth Capital lifted their target price on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Piper Sandler downgraded shares of CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 target price for the company. in a research note on Monday, July 7th. Truist Financial reissued a "buy" rating and set a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Needham & Company LLC lifted their target price on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target for the company. in a report on Friday, June 6th. 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

CrowdStrike Stock Up 0.7%

Shares of CRWD traded up $3.04 during trading hours on Friday, reaching $427.90. 2,262,855 shares of the stock traded hands, compared to its average volume of 2,735,901. 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 fifty day simple moving average of $472.79 and a 200 day simple moving average of $426.79. CrowdStrike has a 52 week low of $242.25 and a 52 week high of $517.98. The company has a market cap of $106.65 billion, a price-to-earnings ratio of -620.14 and a beta of 1.13.

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

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the sale, the chief financial officer owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Johanna Flower sold 2,073 shares of CrowdStrike stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the completion of the sale, the director directly owned 81,383 shares in the company, valued at approximately $38,592,632.43. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 214,414 shares of company stock valued at $101,484,738. Company insiders own 3.32% of the company's stock.

CrowdStrike 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.