CrowdStrike $CRWD Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in CrowdStrike (NASDAQ:CRWDFree Report) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 108,474 shares of the company’s stock after purchasing an additional 7,034 shares during the quarter. Natixis Advisors LLC’s holdings in CrowdStrike were worth $53,193,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CRWD. Vanguard Group Inc. lifted 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 purchasing an additional 445,926 shares during the period. State Street Corp increased its stake 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 period. Geode Capital Management LLC raised its position in CrowdStrike by 5.0% during the 2nd 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 during the last quarter. Laurel Wealth Advisors LLC raised its position in CrowdStrike by 54,635.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after buying 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 worth $1,638,365,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CRWD. Stephens lifted their target price on shares of CrowdStrike from $465.00 to $490.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. TD Cowen reduced their price objective on shares of CrowdStrike from $580.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Canaccord Genuity Group lowered their price objective on CrowdStrike from $515.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday, March 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $520.00 target price on shares of CrowdStrike in a research report on Wednesday, March 4th. Finally, UBS Group reissued an “overweight” rating on shares of CrowdStrike in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $505.98.

Read Our Latest Stock Report on CrowdStrike

CrowdStrike Stock Up 1.2%

CRWD stock opened at $434.13 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $430.72 and its 200 day moving average price is $469.43. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $566.90. The company has a market cap of $109.44 billion, a P/E ratio of -586.65, a P/E/G ratio of 20.96 and a beta of 1.07.

CrowdStrike (NASDAQ:CRWDGet Free Report) last issued its earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. CrowdStrike had a negative net margin of 3.81% and a negative return on equity of 0.14%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. On average, research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 7,871 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $415.78, for a total transaction of $3,272,604.38. Following the sale, the chief financial officer directly owned 169,613 shares in the company, valued at approximately $70,521,693.14. The trade was a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 836 shares of the company’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $476.83, for a total value of $398,629.88. Following the completion of the sale, the chief accounting officer directly owned 43,726 shares in the company, valued at $20,849,868.58. This trade represents a 1.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 90,068 shares of company stock worth $40,447,425. 3.32% of the stock is owned by insiders.

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CrowdStrike Company 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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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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