CrowdStrike $CRWD Stake Boosted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its stake in CrowdStrike (NASDAQ:CRWD) by 6.0% during the third quarter, HoldingsChannel reports. The fund owned 135,447 shares of the company’s stock after purchasing an additional 7,665 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in CrowdStrike were worth $66,420,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Asset Planning Inc acquired a new stake in shares of CrowdStrike during the 3rd quarter valued at about $25,000. AlphaQuest LLC bought a new position in CrowdStrike during the second quarter valued at approximately $26,000. Howard Hughes Medical Institute acquired a new stake in CrowdStrike in the second quarter valued at approximately $27,000. Pinnacle Bancorp Inc. acquired a new stake in CrowdStrike in the third quarter valued at approximately $27,000. Finally, Financial Gravity Companies Inc. bought a new stake in CrowdStrike in the second quarter worth approximately $33,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In related news, Director Johanna Flower sold 3,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 76,082 shares in the company, valued at $35,145,319.08. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 17,550 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $481.38, for a total value of $8,448,219.00. Following the completion of the transaction, the chief executive officer directly owned 2,090,532 shares of the company’s stock, valued at approximately $1,006,340,294.16. This trade represents a 0.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 69,048 shares of company stock valued at $34,509,857 over the last quarter. Company insiders own 3.32% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $452.49 on Friday. The business’s 50 day moving average is $485.15 and its two-hundred day moving average is $478.22. The company has a market cap of $114.07 billion, a P/E ratio of -359.12, a P/E/G ratio of 109.85 and a beta of 1.03. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on CRWD shares. BMO Capital Markets raised their price target on shares of CrowdStrike from $500.00 to $555.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. KeyCorp reaffirmed a “sector weight” rating on shares of CrowdStrike in a research report on Monday, January 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of CrowdStrike in a research note on Monday, December 29th. Robert W. Baird raised their price objective on CrowdStrike from $490.00 to $550.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Finally, The Goldman Sachs Group upped their target price on CrowdStrike from $535.00 to $564.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Thirty-one equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $555.21.

CrowdStrike 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.