CrowdStrike $CRWD Shares Bought by AlpInvest Partners B.V.

AlpInvest Partners B.V. boosted its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 22.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,041 shares of the company’s stock after acquiring an additional 2,748 shares during the period. CrowdStrike makes up approximately 18.7% of AlpInvest Partners B.V.’s investment portfolio, making the stock its 2nd largest holding. AlpInvest Partners B.V.’s holdings in CrowdStrike were worth $7,376,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised 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 raised its position in CrowdStrike by 3.6% in 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. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 273,922 shares during the last quarter. Laurel Wealth Advisors LLC increased 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 last quarter. Finally, Norges Bank acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at approximately $1,638,365,000. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Berenberg Bank set a $600.00 price target on CrowdStrike and gave the stock a “buy” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. lifted their target price on CrowdStrike from $500.00 to $580.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. Scotiabank restated an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, December 3rd. Arete Research set a $706.00 price objective on shares of CrowdStrike in a research report on Tuesday, October 28th. Finally, The Goldman Sachs Group upped their price objective on shares of CrowdStrike from $535.00 to $564.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Thirty investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $550.09.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $415.76 on Thursday. 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’s 50-day simple moving average is $454.68 and its 200 day simple moving average is $472.59. The firm has a market cap of $104.81 billion, a price-to-earnings ratio of -329.97, a P/E/G ratio of 23.71 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share 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 period in the previous year, the business earned $0.93 earnings per share. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 11,461 shares of the 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 sale, the president owned 342,655 shares in the company, valued at approximately $164,399,015.90. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George Kurtz sold 28,853 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $413.01, for a total transaction of $11,916,577.53. Following the transaction, the chief executive officer owned 2,054,902 shares of the company’s stock, valued at approximately $848,695,075.02. This represents a 1.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 100,247 shares of company stock worth $45,722,274 in the last quarter. 3.32% of the stock is currently owned by corporate insiders.

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.