Y Intercept Hong Kong Ltd Takes $1.27 Million Position in CrowdStrike $CRWD

Y Intercept Hong Kong Ltd bought a new position in shares of CrowdStrike (NASDAQ:CRWD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,588 shares of the company’s stock, valued at approximately $1,269,000.

Several other institutional investors have also recently added to or reduced their stakes in CRWD. Asset Planning Inc acquired a new stake in CrowdStrike during the third quarter worth approximately $25,000. AlphaQuest LLC purchased a new position in shares of CrowdStrike in the 2nd quarter valued at $26,000. Howard Hughes Medical Institute acquired a new stake in CrowdStrike during the 2nd quarter worth $27,000. Pinnacle Bancorp Inc. acquired a new stake in CrowdStrike during the 3rd quarter worth $27,000. Finally, Financial Gravity Companies Inc. purchased a new stake in CrowdStrike in the second quarter valued at $33,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 836 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $476.83, for a total value of $398,629.88. Following the completion of the sale, the chief accounting officer directly owned 43,726 shares of the company’s stock, valued at $20,849,868.58. This trade represents a 1.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael Sentonas sold 11,461 shares of CrowdStrike stock in a transaction that occurred on 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 owned 342,655 shares in the company, valued at approximately $164,399,015.90. This trade represents a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 69,048 shares of company stock valued at $34,509,857 over the last 90 days. Insiders own 3.32% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $441.40 on Friday. The stock has a market capitalization of $111.28 billion, a P/E ratio of -350.32, a P/E/G ratio of 108.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The company’s fifty day moving average is $480.04 and its two-hundred day moving average is $477.32.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned $0.93 EPS. The business’s revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on CRWD. TD Cowen reaffirmed a “buy” rating on shares of CrowdStrike in a report on Thursday, January 8th. Capital One Financial decreased their target price on CrowdStrike from $600.00 to $590.00 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Stifel Nicolaus lifted their price target on CrowdStrike from $515.00 to $600.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Argus boosted their price objective on CrowdStrike from $540.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, HSBC raised their target price on shares of CrowdStrike from $417.00 to $446.00 and gave the stock a “hold” rating in a research report on Thursday, December 4th. Thirty-one 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. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target 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.