J. Safra Sarasin Holding AG Has $7.71 Million Stock Holdings in CrowdStrike $CRWD

J. Safra Sarasin Holding AG increased its position in shares of CrowdStrike (NASDAQ:CRWD) by 26.3% during the third quarter, Holdings Channel reports. The institutional investor owned 15,730 shares of the company’s stock after purchasing an additional 3,272 shares during the period. J. Safra Sarasin Holding AG’s holdings in CrowdStrike were worth $7,714,000 as of its most recent SEC filing.

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

CrowdStrike Trading Up 3.5%

Shares of CRWD stock opened at $468.33 on Tuesday. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The company’s fifty day simple moving average is $483.92 and its two-hundred day simple moving average is $477.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market capitalization 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 released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CRWD. Morgan Stanley lifted their target price on CrowdStrike from $515.00 to $537.00 and gave the company an “equal weight” rating in a research report on Thursday, December 18th. Jefferies Financial Group lifted their target price on shares of CrowdStrike from $515.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Oppenheimer increased their price target on CrowdStrike from $560.00 to $580.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Zacks Research cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 24th. Finally, BTIG Research restated a “buy” rating and set a $640.00 price objective on shares of CrowdStrike in a report on Tuesday, January 13th. Thirty-one equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $555.21.

Insider Activity

In related news, Director Sameer K. Gandhi sold 5,000 shares of the stock in a transaction on 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 sale, the director owned 765,456 shares in the company, valued at approximately $421,153,891.20. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Denis Oleary sold 7,750 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $515.44, for a total value of $3,994,660.00. Following the transaction, the director owned 10,816 shares of the company’s stock, valued at approximately $5,574,999.04. The trade was a 41.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 69,048 shares of company stock worth $34,509,857. Company insiders own 3.32% of the company’s stock.

About CrowdStrike

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.