CrowdStrike $CRWD Shares Purchased by AGF Management Ltd.

AGF Management Ltd. boosted its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 591,700 shares of the company’s stock after buying an additional 4,480 shares during the quarter. CrowdStrike accounts for 1.3% of AGF Management Ltd.’s investment portfolio, making the stock its 17th largest position. AGF Management Ltd. owned approximately 0.24% of CrowdStrike worth $290,158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWD. Vanguard Group Inc. grew its stake in CrowdStrike by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after purchasing an additional 596,007 shares in the last quarter. State Street Corp boosted its stake in shares of 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 grew its position 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 grew its position in shares of CrowdStrike by 54,635.9% during the second 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 in the last quarter. Finally, Norges Bank purchased a new stake in shares of CrowdStrike during the second quarter worth approximately $1,638,365,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In other news, President Michael Sentonas sold 11,461 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $479.78, for a total value of $5,498,758.58. Following the completion of the sale, the president directly owned 342,655 shares of the company’s stock, valued at approximately $164,399,015.90. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 sale, the director owned 76,082 shares of the company’s stock, valued at $35,145,319.08. This trade represents a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 55,116 shares of company stock valued at $26,846,222 in the last quarter. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Stock Down 0.7%

Shares of NASDAQ CRWD opened at $441.40 on Monday. The business has a 50-day moving average price of $480.04 and a 200 day moving average price of $477.37. The stock has a market cap of $111.28 billion, a PE ratio of -350.32, a price-to-earnings-growth ratio of 108.05 and a beta of 1.03. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. Equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on CRWD. BNP Paribas Exane boosted their price target on shares of CrowdStrike from $350.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Capital One Financial lowered their target price on shares of CrowdStrike from $600.00 to $590.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. BMO Capital Markets increased their target price on CrowdStrike from $500.00 to $555.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $630.00 price target on shares of CrowdStrike in a report on Wednesday, December 3rd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $353.00 price objective on shares of CrowdStrike in a research report on Wednesday, December 3rd. Thirty-one analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $555.21.

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.