NEOS Investment Management LLC Has $49.59 Million Stock Position in CrowdStrike $CRWD

NEOS Investment Management LLC grew its stake in CrowdStrike (NASDAQ:CRWD) by 71.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,127 shares of the company’s stock after purchasing an additional 42,244 shares during the quarter. NEOS Investment Management LLC’s holdings in CrowdStrike were worth $49,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of CrowdStrike by 1.9% during the third quarter. Vanguard Group Inc. now owns 23,876,498 shares of the company’s stock worth $11,708,557,000 after acquiring an additional 445,926 shares during the period. State Street Corp increased its position in CrowdStrike by 3.6% during the 2nd quarter. State Street Corp now owns 10,804,651 shares of the company’s stock worth $5,502,917,000 after buying an additional 370,965 shares during the period. Geode Capital Management LLC lifted its holdings in shares of CrowdStrike by 5.0% during the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock worth $2,903,752,000 after buying an additional 273,922 shares in the last quarter. Laurel Wealth Advisors LLC boosted its position in shares of CrowdStrike by 54,635.9% in 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 acquiring an additional 4,285,640 shares during the period. Finally, Norges Bank acquired a new position in shares of CrowdStrike in the second quarter valued at about $1,638,365,000. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 28,853 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total value of $11,916,577.53. Following the completion of the transaction, the chief executive officer owned 2,054,902 shares in the company, valued at $848,695,075.02. This trade represents a 1.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Johanna Flower sold 3,000 shares of the 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 completion of the sale, the director directly owned 76,082 shares in the company, valued at approximately $35,145,319.08. The trade was a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 100,247 shares of company stock valued at $45,722,274 in the last three months. Insiders own 3.32% of the company’s stock.

CrowdStrike Stock Up 4.4%

CrowdStrike stock opened at $429.64 on Tuesday. The firm has a market cap of $108.31 billion, a price-to-earnings ratio of -340.98, a PEG ratio of 24.59 and a beta of 1.03. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a 50 day moving average price of $458.83 and a two-hundred day moving average price of $473.22.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. CrowdStrike’s revenue was up 21.8% on a year-over-year basis. Equities analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRWD. Weiss Ratings reiterated a “sell (d+)” rating on shares of CrowdStrike in a research note on Monday, December 29th. Susquehanna boosted their price target on CrowdStrike from $530.00 to $600.00 and gave the company a “positive” rating in a research note on Wednesday, December 3rd. BTIG Research reiterated a “buy” rating and set a $640.00 price objective on shares of CrowdStrike in a research note on Tuesday, January 13th. KeyCorp reissued a “sector weight” rating on shares of CrowdStrike in a report on Monday, January 12th. Finally, TD Cowen reiterated a “buy” rating on shares of CrowdStrike in a research report on Thursday, January 8th. Thirty-one equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $552.17.

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.