CrowdStrike $CRWD Shares Bought by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co increased its stake in CrowdStrike (NASDAQ:CRWD) by 8.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 39,715 shares of the company’s stock after acquiring an additional 3,200 shares during the period. Varma Mutual Pension Insurance Co’s holdings in CrowdStrike were worth $19,475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advyzon Investment Management LLC raised its stake in shares of CrowdStrike by 142.9% in the 2nd quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock worth $461,000 after buying an additional 533 shares in the last quarter. Carnegie Investment Counsel grew its holdings in CrowdStrike by 6.7% during the third quarter. Carnegie Investment Counsel now owns 22,601 shares of the company’s stock worth $11,083,000 after acquiring an additional 1,428 shares during the period. Silver Oak Securities Incorporated grew its holdings in CrowdStrike by 394.8% during the third quarter. Silver Oak Securities Incorporated now owns 2,954 shares of the company’s stock worth $1,449,000 after acquiring an additional 2,357 shares during the period. Traynor Capital Management Inc. raised its position in CrowdStrike by 10.9% in the third quarter. Traynor Capital Management Inc. now owns 53,117 shares of the company’s stock worth $26,047,000 after acquiring an additional 5,205 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its holdings in CrowdStrike by 7.3% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 22,253 shares of the company’s stock valued at $10,912,000 after acquiring an additional 1,512 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CRWD shares. Capital One Financial lowered their price objective on shares of CrowdStrike from $600.00 to $590.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Royal Bank Of Canada set a $550.00 target price on shares of CrowdStrike in a report on Wednesday. Needham & Company LLC increased their price objective on CrowdStrike from $535.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. DA Davidson reissued a “buy” rating and set a $580.00 price objective on shares of CrowdStrike in a research note on Wednesday, December 3rd. Finally, Citizens Jmp restated a “market outperform” rating and issued a $500.00 target price on shares of CrowdStrike in a report on Wednesday, December 3rd. Thirty-one analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $553.73.

CrowdStrike Trading Up 0.6%

NASDAQ:CRWD opened at $415.81 on Thursday. The stock has a market cap of $104.82 billion, a PE ratio of -330.01, a price-to-earnings-growth ratio of 23.66 and a beta of 1.03. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90. 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’s 50-day moving average is $464.22 and its two-hundred day moving average is $474.00.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the company posted $0.93 earnings per share. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Johanna Flower sold 3,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the completion of the sale, the director directly owned 76,082 shares in the company, valued at approximately $35,145,319.08. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 28,853 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $413.01, for a total value of $11,916,577.53. Following the completion of the transaction, the chief executive officer owned 2,054,902 shares in the company, valued at $848,695,075.02. This trade represents a 1.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 100,247 shares of company stock valued at $45,722,274 in the last three months. Company insiders own 3.32% of the company’s stock.

CrowdStrike Company 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.