Korea Investment CORP Sells 44,502 Shares of CrowdStrike $CRWD

Korea Investment CORP cut its holdings in CrowdStrike (NASDAQ:CRWD) by 17.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 218,023 shares of the company’s stock after selling 44,502 shares during the quarter. Korea Investment CORP owned approximately 0.09% of CrowdStrike worth $111,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after acquiring an additional 2,417 shares during the period. Assetmark Inc. boosted its position in CrowdStrike by 20.9% during the first quarter. Assetmark Inc. now owns 631 shares of the company’s stock valued at $222,000 after purchasing an additional 109 shares in the last quarter. Norden Group LLC grew its stake in CrowdStrike by 1.9% in the first quarter. Norden Group LLC now owns 1,486 shares of the company’s stock valued at $524,000 after purchasing an additional 28 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in CrowdStrike by 8.5% in the first quarter. Foundations Investment Advisors LLC now owns 5,485 shares of the company’s stock worth $1,934,000 after purchasing an additional 432 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of CrowdStrike by 33.3% during the first quarter. Meeder Asset Management Inc. now owns 132 shares of the company’s stock valued at $47,000 after buying an additional 33 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Down 2.1%

CrowdStrike stock opened at $501.54 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $566.90. The company has a market capitalization of $125.87 billion, a price-to-earnings ratio of -421.46, a price-to-earnings-growth ratio of 120.40 and a beta of 1.16. The stock has a 50-day moving average price of $511.66 and a 200 day moving average price of $476.13.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company earned $1.04 EPS. CrowdStrike’s quarterly revenue was up 21.4% on a year-over-year basis. Sell-side analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 17,830 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the completion of the transaction, the chief executive officer directly owned 2,115,057 shares in the company, valued at $1,045,959,138.21. The trade was a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $410.32, for a total value of $2,564,500.00. Following the completion of the transaction, the director directly owned 768,511 shares of the company’s stock, valued at approximately $315,335,433.52. This trade represents a 0.81% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 116,622 shares of company stock worth $58,561,456. 3.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of CrowdStrike from $560.00 to $580.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Arete Research set a $706.00 price target on CrowdStrike in a research report on Tuesday, October 28th. BTIG Research increased their price target on CrowdStrike from $489.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Bank of America raised their price target on CrowdStrike from $470.00 to $535.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Finally, Roth Capital restated a “buy” rating and set a $510.00 price objective (up previously from $410.00) on shares of CrowdStrike in a report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $543.75.

CrowdStrike 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.