National Pension Service grew its stake in CrowdStrike (NASDAQ:CRWD – Free Report) by 2.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 478,060 shares of the company’s stock after purchasing an additional 10,990 shares during the period. National Pension Service’s holdings in CrowdStrike were worth $243,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vision Financial Markets LLC purchased a new stake in CrowdStrike in the 1st quarter valued at $26,000. AlphaQuest LLC acquired a new position in shares of CrowdStrike during the 2nd quarter valued at about $26,000. Neo Ivy Capital Management acquired a new position in shares of CrowdStrike during the 1st quarter valued at about $30,000. Saudi Central Bank purchased a new stake in shares of CrowdStrike in the first quarter valued at about $34,000. Finally, Financial Management Professionals Inc. increased its position in CrowdStrike by 91.9% during the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock worth $36,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.
CrowdStrike Stock Down 0.1%
NASDAQ:CRWD opened at $556.73 on Wednesday. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $558.98. The stock’s fifty day moving average is $492.35 and its two-hundred day moving average is $469.72. The stock has a market capitalization of $139.72 billion, a price-to-earnings ratio of -467.84, a price-to-earnings-growth ratio of 131.02 and a beta of 1.16. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.
Insider Activity at CrowdStrike
In other news, Director Sameer K. Gandhi sold 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $550.20, for a total value of $2,751,000.00. Following the completion of the sale, the director directly owned 765,456 shares of the company’s stock, valued at approximately $421,153,891.20. The trade was a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 6,975 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $549.89, for a total value of $3,835,482.75. Following the completion of the sale, the chief executive officer directly owned 2,108,082 shares of the company’s stock, valued at approximately $1,159,213,210.98. This trade represents a 0.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 116,622 shares of company stock valued at $58,561,456 in the last quarter. Company insiders own 3.32% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on CRWD shares. Scotiabank upgraded shares of CrowdStrike from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $440.00 to $600.00 in a report on Thursday, September 25th. TD Cowen lifted their price target on shares of CrowdStrike from $500.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Canaccord Genuity Group increased their price objective on CrowdStrike from $430.00 to $500.00 and gave the stock a “hold” rating in a research report on Monday, September 22nd. DZ Bank cut CrowdStrike from a “hold” rating to a “sell” rating and set a $440.00 target price for the company. in a research note on Wednesday, September 24th. Finally, Stephens upped their price target on CrowdStrike from $525.00 to $590.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $510.80.
Get Our Latest Analysis on CrowdStrike
About CrowdStrike
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.
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