Mirae Asset Global Investments Co. Ltd. Acquires 7,796 Shares of CrowdStrike $CRWD

Mirae Asset Global Investments Co. Ltd. lifted its position in CrowdStrike (NASDAQ:CRWD) by 3.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 217,613 shares of the company’s stock after purchasing an additional 7,796 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in CrowdStrike were worth $106,713,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CRWD. Advyzon Investment Management LLC boosted its holdings in CrowdStrike by 142.9% in the second quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock worth $461,000 after purchasing an additional 533 shares during the last quarter. Carnegie Investment Counsel lifted its holdings in shares of CrowdStrike by 6.7% in the third quarter. Carnegie Investment Counsel now owns 22,601 shares of the company’s stock worth $11,083,000 after buying an additional 1,428 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in CrowdStrike by 394.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 2,954 shares of the company’s stock valued at $1,449,000 after buying an additional 2,357 shares in the last quarter. Perpetual Ltd grew its stake in shares of CrowdStrike by 205.9% in the 3rd quarter. Perpetual Ltd now owns 1,554 shares of the company’s stock worth $762,000 after buying an additional 1,046 shares in the last quarter. Finally, Grant Private Wealth Management Inc bought a new position in shares of CrowdStrike during the 3rd quarter valued at approximately $1,690,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $480.86 on Wednesday. The business has a 50 day simple moving average of $483.18 and a two-hundred day simple moving average of $477.82. 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 has a market capitalization of $121.22 billion, a P/E ratio of -382.77, a PEG ratio of 113.70 and a beta of 1.03. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. CrowdStrike’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CRWD has been the subject of several recent analyst reports. HSBC boosted their target price on CrowdStrike from $417.00 to $446.00 and gave the company a “hold” rating in a research report on Thursday, December 4th. Capital One Financial lowered their target price on CrowdStrike from $600.00 to $590.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Bank of America boosted their price objective on shares of CrowdStrike from $470.00 to $535.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Rosenblatt Securities restated a “buy” rating and set a $630.00 price target on shares of CrowdStrike in a research note on Wednesday, December 3rd. Finally, Mizuho set a $540.00 price target on CrowdStrike in a research report on Thursday, January 8th. Thirty-one analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $555.21.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 10,516 shares of CrowdStrike stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $483.33, for a total value of $5,082,698.28. Following the completion of the sale, the chief financial officer directly owned 179,114 shares of the company’s stock, valued at approximately $86,571,169.62. The trade was a 5.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the director owned 76,082 shares in the company, valued at $35,145,319.08. This trade represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 69,048 shares of company stock worth $34,509,857 in the last 90 days. Insiders own 3.32% of the company’s stock.

About CrowdStrike

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.