CrowdStrike $CRWD Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of CrowdStrike (NASDAQ:CRWD) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 217,613 shares of the company’s stock after purchasing an additional 7,796 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of CrowdStrike worth $106,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Federated Hermes Inc. boosted its position in shares of CrowdStrike by 56.3% in the 3rd quarter. Federated Hermes Inc. now owns 294,134 shares of the company’s stock valued at $144,237,000 after purchasing an additional 105,978 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of CrowdStrike by 6.2% during the 3rd quarter. Valeo Financial Advisors LLC now owns 11,121 shares of the company’s stock valued at $5,454,000 after buying an additional 645 shares during the period. AGP Franklin LLC grew its stake in CrowdStrike by 6.2% in the third quarter. AGP Franklin LLC now owns 9,606 shares of the company’s stock valued at $4,711,000 after purchasing an additional 565 shares in the last quarter. J. Safra Sarasin Holding AG increased its holdings in CrowdStrike by 26.3% in the third quarter. J. Safra Sarasin Holding AG now owns 15,730 shares of the company’s stock worth $7,714,000 after buying an additional 3,272 shares during the last quarter. Finally, Phoenix Financial Ltd. raised its holdings in shares of CrowdStrike by 10.1% during the 3rd quarter. Phoenix Financial Ltd. now owns 3,747 shares of the company’s stock valued at $1,837,000 after purchasing an additional 344 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $550.20, for a total value of $2,751,000.00. Following the transaction, the director directly owned 765,456 shares of the company’s stock, valued at approximately $421,153,891.20. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael Sentonas sold 11,461 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the transaction, the president directly owned 342,655 shares in the company, valued at approximately $164,399,015.90. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,048 shares of company stock valued at $34,509,857 over the last quarter. Company insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CRWD. TD Cowen reaffirmed a “buy” rating on shares of CrowdStrike in a report on Thursday, January 8th. Weiss Ratings restated a “sell (d+)” rating on shares of CrowdStrike in a research report on Monday, December 29th. UBS Group upped their target price on shares of CrowdStrike from $580.00 to $590.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Scotiabank restated an “outperform” rating on shares of CrowdStrike in a report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of CrowdStrike from $500.00 to $580.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Thirty-one investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $555.21.

CrowdStrike Trading Up 0.9%

Shares of CRWD stock opened at $480.86 on Wednesday. The stock’s fifty day simple moving average is $483.18 and its 200 day simple moving average is $477.82. The firm has a market capitalization of $121.22 billion, a P/E ratio of -382.77, a P/E/G ratio of 113.70 and a beta of 1.03. CrowdStrike has a twelve month low of $298.00 and a twelve month high of $566.90. 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 (NASDAQ:CRWD) last posted its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 EPS. As a group, sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

CrowdStrike Company 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.