LGT Fund Management Co Ltd. Purchases 630 Shares of CrowdStrike (NASDAQ:CRWD)

LGT Fund Management Co Ltd. boosted its position in CrowdStrike (NASDAQ:CRWD) by 52.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,830 shares of the company’s stock after buying an additional 630 shares during the period. LGT Fund Management Co Ltd.’s holdings in CrowdStrike were worth $645,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CRWD. Vanguard Group Inc. lifted its holdings in shares of CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock valued at $8,051,011,000 after purchasing an additional 908,554 shares in the last quarter. Jennison Associates LLC boosted its holdings in CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of CrowdStrike by 39.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock valued at $939,747,000 after purchasing an additional 760,222 shares during the last quarter. Invesco Ltd. raised its holdings in shares of CrowdStrike by 16.4% in the first quarter. Invesco Ltd. now owns 2,506,418 shares of the company’s stock valued at $883,713,000 after purchasing an additional 352,473 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of CrowdStrike by 16.6% during the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company’s stock valued at $777,292,000 after purchasing an additional 324,136 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 2.2%

Shares of CrowdStrike stock opened at $435.80 on Wednesday. CrowdStrike has a 1 year low of $240.01 and a 1 year high of $517.98. The firm has a market cap of $108.62 billion, a PE ratio of -631.59 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The company has a 50 day simple moving average of $474.93 and a two-hundred day simple moving average of $426.26.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.93 earnings per share. CrowdStrike’s revenue for the quarter was up 19.8% on a year-over-year basis. Analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president directly owned 422,204 shares in the company, valued at $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CRWD shares. Cfra reaffirmed a “hold” rating and issued a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. Bank of America reaffirmed a “neutral” rating and issued a $470.00 target price (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Citigroup reissued an “outperform” rating on shares of CrowdStrike in a research report on Monday, May 5th. BMO Capital Markets lifted 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, Canaccord Genuity Group restated a “hold” rating and set a $475.00 price target (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. One equities research 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 company’s stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $461.17.

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.