PGGM Investments Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

PGGM Investments raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 462.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,569 shares of the company’s stock after buying an additional 7,867 shares during the period. PGGM Investments’ holdings in CrowdStrike were worth $3,068,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Financial Counselors Inc. raised its stake in CrowdStrike by 3.9% during the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after buying an additional 50 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in CrowdStrike during the 4th quarter valued at $58,000. Saxony Capital Management LLC purchased a new stake in CrowdStrike during the 4th quarter valued at $1,756,000. Los Angeles Capital Management LLC raised its stake in CrowdStrike by 5,210.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 124,590 shares of the company’s stock valued at $31,810,000 after buying an additional 122,244 shares during the last quarter. Finally, BNP Paribas purchased a new stake in shares of CrowdStrike in the 1st quarter worth $2,685,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 2.8 %

CrowdStrike stock traded down $6.33 during midday trading on Friday, reaching $217.89. The stock had a trading volume of 8,978,108 shares, compared to its average volume of 12,662,070. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike Holdings, Inc. has a 52-week low of $140.52 and a 52-week high of $398.33. The firm has a market cap of $53.03 billion, a price-to-earnings ratio of 411.12, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The company has a fifty day moving average of $342.74 and a 200 day moving average of $324.32.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $329.10, for a total transaction of $3,949,200.00. Following the transaction, the chief financial officer now directly owns 308,593 shares of the company’s stock, valued at $101,557,956.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Burt W. Podbere sold 12,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $329.10, for a total transaction of $3,949,200.00. Following the transaction, the chief financial officer now directly owns 308,593 shares in the company, valued at $101,557,956.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the transaction, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,643 shares of company stock valued at $54,992,604. 4.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CRWD. Wedbush restated an “outperform” rating and issued a $315.00 price objective on shares of CrowdStrike in a research note on Friday. KeyCorp reduced their price objective on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Truist Financial reduced their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Mizuho reduced their price objective on CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada reduced their price objective on CrowdStrike from $420.00 to $380.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $351.76.

CrowdStrike Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.