National Bank of Canada FI increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 322.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,710 shares of the company’s stock after buying an additional 88,350 shares during the quarter. National Bank of Canada FI’s holdings in CrowdStrike were worth $15,882,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CRWD. Norges Bank bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $244,740,000. T. Rowe Price Investment Management Inc. grew its stake in CrowdStrike by 62.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock valued at $396,019,000 after purchasing an additional 1,440,905 shares during the period. Clearbridge Investments LLC increased its position in shares of CrowdStrike by 69.3% during the 1st quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock valued at $524,750,000 after purchasing an additional 945,703 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of CrowdStrike by 163.8% during the 4th quarter. Two Sigma Advisers LP now owns 1,435,000 shares of the company’s stock worth $151,091,000 after purchasing an additional 891,100 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of CrowdStrike by 52.0% in the 4th quarter. Morgan Stanley now owns 2,239,416 shares of the company’s stock worth $235,788,000 after buying an additional 766,508 shares during the last quarter. 61.40% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other CrowdStrike news, CEO George Kurtz sold 59,465 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $144.26, for a total transaction of $8,578,420.90. Following the completion of the sale, the chief executive officer now owns 1,119,971 shares of the company’s stock, valued at approximately $161,567,016.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other CrowdStrike news, CEO George Kurtz sold 59,465 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $144.26, for a total value of $8,578,420.90. Following the completion of the sale, the chief executive officer now owns 1,119,971 shares in the company, valued at approximately $161,567,016.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Anurag Saha sold 815 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total value of $122,641.20. Following the transaction, the chief accounting officer now directly owns 31,852 shares in the company, valued at $4,793,088.96. The disclosure for this sale can be found here. Insiders have sold a total of 94,479 shares of company stock valued at $13,775,178 over the last three months. 5.68% of the stock is owned by company insiders.
CrowdStrike Stock Performance
CrowdStrike (NASDAQ:CRWD – Get Rating) last issued its earnings results on Wednesday, May 31st. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.13. CrowdStrike had a negative return on equity of 8.76% and a negative net margin of 6.18%. The company had revenue of $692.58 million during the quarter, compared to analysts’ expectations of $677.30 million. Research analysts expect that CrowdStrike Holdings, Inc. will post 0.06 EPS for the current year.
Analyst Ratings Changes
Several analysts have commented on CRWD shares. Bank of America lifted their price objective on shares of CrowdStrike from $162.00 to $190.00 in a research report on Friday, June 16th. Mizuho lifted their price target on shares of CrowdStrike from $175.00 to $180.00 in a report on Thursday, June 15th. Wells Fargo & Company increased their price objective on CrowdStrike from $165.00 to $175.00 in a report on Thursday, June 1st. BTIG Research upped their price target on CrowdStrike from $163.00 to $188.00 in a research report on Wednesday, May 31st. Finally, TheStreet raised CrowdStrike from a “d+” rating to a “c” rating in a report on Wednesday, May 31st. Five research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $176.88.
About CrowdStrike
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.
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