Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in CrowdStrike (NASDAQ:CRWD – Free Report) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,782 shares of the company’s stock after selling 4,207 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of CrowdStrike worth $65,081,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of CRWD. National Pension Service boosted its holdings in CrowdStrike by 2.4% in the 2nd quarter. National Pension Service now owns 478,060 shares of the company’s stock valued at $243,481,000 after purchasing an additional 10,990 shares during the period. Advyzon Investment Management LLC raised its position in shares of CrowdStrike by 142.9% during the second quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock valued at $461,000 after buying an additional 533 shares during the last quarter. Avalon Capital Management bought a new stake in shares of CrowdStrike in the second quarter valued at about $204,000. STF Management LP increased its stake in CrowdStrike by 2.6% during the second quarter. STF Management LP now owns 3,503 shares of the company’s stock valued at $1,784,000 after acquiring an additional 88 shares during the period. Finally, Cvfg LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $210,000. Institutional investors own 71.16% of the company’s stock.
CrowdStrike Stock Down 2.0%
Shares of NASDAQ CRWD opened at $545.86 on Thursday. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90. The firm’s 50-day simple moving average is $495.00 and its 200 day simple moving average is $470.25. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $136.99 billion, a price-to-earnings ratio of -458.70, a price-to-earnings-growth ratio of 130.83 and a beta of 1.16.
Insider Transactions at CrowdStrike
In other news, CFO Burt W. Podbere sold 10,706 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the transaction, the chief financial officer owned 220,424 shares of the company’s stock, valued at $109,257,564.08. This represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 17,830 shares of CrowdStrike stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $494.53, for a total value of $8,817,469.90. Following the completion of the sale, the chief executive officer owned 2,115,057 shares of the company’s stock, valued at approximately $1,045,959,138.21. The trade was a 0.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 116,622 shares of company stock valued at $58,561,456 over the last 90 days. 3.32% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
CRWD has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of CrowdStrike from $460.00 to $475.00 and gave the company an “equal weight” rating in a report on Thursday, September 18th. Arete Research set a $706.00 target price on shares of CrowdStrike in a research note on Tuesday, October 28th. Piper Sandler dropped their price target on shares of CrowdStrike from $505.00 to $450.00 and set a “neutral” rating for the company in a research report on Thursday, August 28th. Robert W. Baird lifted their price objective on CrowdStrike from $460.00 to $490.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Finally, UBS Group lowered their price objective on CrowdStrike from $545.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $512.60.
Get Our Latest Report on CrowdStrike
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.
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