CrowdStrike $CRWD Stock Position Reduced by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lessened its stake in CrowdStrike (NASDAQ:CRWD) by 4.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 77,785 shares of the company’s stock after selling 3,794 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in CrowdStrike were worth $38,119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CRWD. Laurel Wealth Advisors LLC boosted its position in CrowdStrike by 54,635.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock valued at $2,186,714,000 after purchasing an additional 4,285,640 shares during the last quarter. Norges Bank acquired a new stake in shares of CrowdStrike during the 2nd quarter valued at about $1,638,365,000. Vestor Capital LLC increased its holdings in CrowdStrike by 269,840.3% in the second quarter. Vestor Capital LLC now owns 977,184 shares of the company’s stock worth $497,690,000 after buying an additional 976,822 shares during the last quarter. Vanguard Group Inc. raised its position in CrowdStrike by 2.6% during the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock valued at $11,933,425,000 after acquiring an additional 596,007 shares in the last quarter. Finally, State Street Corp lifted its stake in CrowdStrike by 3.6% in the second quarter. State Street Corp now owns 10,804,651 shares of the company’s stock valued at $5,502,917,000 after acquiring an additional 370,965 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 11,461 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total value of $5,498,758.58. Following the completion of the transaction, the president directly owned 342,655 shares in the company, valued at approximately $164,399,015.90. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 836 shares of CrowdStrike stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $476.83, for a total transaction of $398,629.88. Following the sale, the chief accounting officer owned 43,726 shares in the company, valued at $20,849,868.58. This represents a 1.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,048 shares of company stock valued at $34,509,857 in the last quarter. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $452.49 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90. The firm has a fifty day moving average price of $485.15 and a two-hundred day moving average price of $478.42. The company has a market cap of $114.07 billion, a PE ratio of -359.12, a price-to-earnings-growth ratio of 110.16 and a beta of 1.03.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CRWD shares. Piper Sandler lifted their price objective on shares of CrowdStrike from $450.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Monday, November 24th. Morgan Stanley increased their price objective on CrowdStrike from $515.00 to $537.00 and gave the company an “equal weight” rating in a report on Thursday, December 18th. Truist Financial raised their price objective on CrowdStrike from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CrowdStrike in a research report on Monday, December 29th. Thirty-one investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $555.21.

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.