EFG Asset Management North America Corp. Boosts Stake in CrowdStrike $CRWD

EFG Asset Management North America Corp. increased its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 17.9% during the third quarter, HoldingsChannel.com reports. The fund owned 11,038 shares of the company’s stock after buying an additional 1,677 shares during the period. EFG Asset Management North America Corp.’s holdings in CrowdStrike were worth $5,412,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CRWD. Asset Planning Inc acquired a new position in shares of CrowdStrike during the 3rd quarter worth approximately $25,000. Pilgrim Partners Asia Pte Ltd purchased a new position in CrowdStrike during the third quarter worth approximately $25,000. AlphaQuest LLC acquired a new position in CrowdStrike during the second quarter worth $26,000. Howard Hughes Medical Institute purchased a new stake in CrowdStrike in the 2nd quarter valued at $27,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of CrowdStrike in the 3rd quarter worth $27,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Oppenheimer boosted their price target on shares of CrowdStrike from $560.00 to $580.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Barclays boosted their target price on shares of CrowdStrike from $515.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Evercore ISI raised their price target on shares of CrowdStrike from $430.00 to $460.00 and gave the stock an “in-line” rating in a report on Wednesday, December 3rd. JPMorgan Chase & Co. lifted their price target on shares of CrowdStrike from $500.00 to $580.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. Finally, Truist Financial upped their price objective on CrowdStrike from $550.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Thirty-one research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.21.

CrowdStrike Stock Up 3.5%

Shares of NASDAQ CRWD opened at $468.33 on Tuesday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $483.92 and its two-hundred day moving average is $477.83. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The firm has a market cap of $118.07 billion, a price-to-earnings ratio of -371.69, a PEG ratio of 109.85 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The company’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. Research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $550.20, for a total transaction of $2,751,000.00. Following the sale, the director directly owned 765,456 shares in the company, valued at $421,153,891.20. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Sentonas sold 11,461 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the sale, the president directly owned 342,655 shares in the company, valued at $164,399,015.90. This represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 69,048 shares of company stock worth $34,509,857 over the last 90 days. 3.32% of the stock is owned by insiders.

CrowdStrike Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.