Caisse Des Depots ET Consignations Makes New $626,000 Investment in CrowdStrike $CRWD

Caisse Des Depots ET Consignations purchased a new stake in shares of CrowdStrike (NASDAQ:CRWDFree Report) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 1,276 shares of the company’s stock, valued at approximately $626,000.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CRWD shares. Jefferies Financial Group raised their price target on CrowdStrike from $515.00 to $600.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Citigroup raised their target price on CrowdStrike from $595.00 to $610.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research report on Monday, November 24th. UBS Group lifted their price target on shares of CrowdStrike from $580.00 to $590.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Finally, TD Cowen reaffirmed a “buy” rating on shares of CrowdStrike in a report on Thursday, January 8th. Thirty-one analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $553.73.

Check Out Our Latest Stock Analysis on CrowdStrike

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $411.54 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average is $462.19 and its two-hundred day moving average is $473.57. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $566.90. The company has a market capitalization of $103.75 billion, a PE ratio of -326.62, a price-to-earnings-growth ratio of 23.80 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. The business had revenue of $1.23 billion during 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 business’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. As a group, analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity at CrowdStrike

In other news, President Michael Sentonas sold 11,461 shares of CrowdStrike stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the completion of the sale, the president owned 342,655 shares of the company’s stock, valued at approximately $164,399,015.90. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Burt W. Podbere sold 7,871 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $415.78, for a total value of $3,272,604.38. Following the completion of the transaction, the chief financial officer directly owned 169,613 shares in the company, valued at approximately $70,521,693.14. This trade represents a 4.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 100,247 shares of company stock worth $45,722,274 over the last ninety days. 3.32% of the stock is currently owned by company insiders.

More CrowdStrike News

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CrowdStrike Profile

(Free Report)

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.

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Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike (NASDAQ:CRWDFree Report).

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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