LGT Group Foundation Sells 4,733 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

LGT Group Foundation trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,635 shares of the company’s stock after selling 4,733 shares during the quarter. LGT Group Foundation’s holdings in CrowdStrike were worth $19,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CRWD. Commonwealth Equity Services LLC boosted its position in CrowdStrike by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 126,980 shares of the company’s stock worth $21,254,000 after purchasing an additional 3,581 shares during the last quarter. Chevy Chase Trust Holdings LLC boosted its holdings in shares of CrowdStrike by 9.1% in the third quarter. Chevy Chase Trust Holdings LLC now owns 3,346 shares of the company’s stock worth $560,000 after buying an additional 280 shares during the last quarter. SVB Wealth LLC grew its position in CrowdStrike by 33.7% during the third quarter. SVB Wealth LLC now owns 3,302 shares of the company’s stock valued at $553,000 after buying an additional 833 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in CrowdStrike by 21.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 101,082 shares of the company’s stock valued at $16,919,000 after buying an additional 18,051 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in CrowdStrike by 160.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 116,006 shares of the company’s stock worth $19,417,000 after acquiring an additional 71,513 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 3.5 %

Shares of CrowdStrike stock traded up $10.28 during trading on Thursday, hitting $305.72. 1,300,950 shares of the stock traded hands, compared to its average volume of 3,445,412. CrowdStrike Holdings, Inc. has a 52-week low of $115.67 and a 52-week high of $365.00. The stock’s fifty day simple moving average is $313.64 and its 200 day simple moving average is $271.03. The firm has a market cap of $73.94 billion, a P/E ratio of 848.22, a price-to-earnings-growth ratio of 11.70 and a beta of 1.08. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The business had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. On average, equities analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Sanford C. Bernstein initiated coverage on CrowdStrike in a research note on Thursday, January 18th. They issued an “outperform” rating and a $334.00 price objective for the company. Evercore ISI upped their price target on CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Robert W. Baird raised their price objective on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. HSBC boosted their price objective on CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Truist Financial raised their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.87.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The disclosure for this sale can be found here. Insiders sold 223,544 shares of company stock valued at $72,113,932 over the last 90 days. Corporate insiders own 5.68% of the company’s stock.

CrowdStrike Company 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.