National Pension Service Has $237.91 Million Holdings in CrowdStrike $CRWD

National Pension Service lifted its position in CrowdStrike (NASDAQ:CRWD) by 1.5% in the 3rd quarter, Holdings Channel reports. The fund owned 485,156 shares of the company’s stock after buying an additional 7,096 shares during the period. National Pension Service’s holdings in CrowdStrike were worth $237,911,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC grew its position in CrowdStrike by 13.8% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 2,434 shares of the company’s stock worth $1,194,000 after purchasing an additional 296 shares in the last quarter. High Note Wealth LLC lifted its holdings in shares of CrowdStrike by 29.0% in the third quarter. High Note Wealth LLC now owns 6,577 shares of the company’s stock valued at $3,225,000 after purchasing an additional 1,480 shares in the last quarter. Arizona State Retirement System boosted its position in shares of CrowdStrike by 0.5% in the third quarter. Arizona State Retirement System now owns 72,790 shares of the company’s stock worth $35,695,000 after buying an additional 327 shares during the period. Pegasus Asset Management Inc. grew its holdings in shares of CrowdStrike by 2.5% during the third quarter. Pegasus Asset Management Inc. now owns 2,491 shares of the company’s stock valued at $1,222,000 after buying an additional 60 shares in the last quarter. Finally, Trifecta Capital Advisors LLC raised its position in CrowdStrike by 7.2% during the third quarter. Trifecta Capital Advisors LLC now owns 20,237 shares of the company’s stock valued at $9,924,000 after buying an additional 1,357 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

NASDAQ CRWD opened at $441.40 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $111.28 billion, a PE ratio of -350.32, a price-to-earnings-growth ratio of 108.84 and a beta of 1.03. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90. The company has a 50 day moving average price of $480.04 and a two-hundred day moving average price of $477.32.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results 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. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm earned $0.93 EPS. CrowdStrike’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, equities analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 17,550 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $481.38, for a total value of $8,448,219.00. Following the completion of the sale, the chief executive officer owned 2,090,532 shares of the company’s stock, valued at $1,006,340,294.16. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 10,516 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $483.33, for a total value of $5,082,698.28. Following the sale, the chief financial officer owned 179,114 shares of the company’s stock, valued at approximately $86,571,169.62. This trade represents a 5.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 69,048 shares of company stock valued at $34,509,857. Insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

CRWD has been the subject of a number of research reports. BNP Paribas Exane raised their price objective on CrowdStrike from $350.00 to $450.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Daiwa Capital Markets increased their price target on shares of CrowdStrike from $530.00 to $560.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 9th. Piper Sandler raised their price target on shares of CrowdStrike from $450.00 to $520.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Argus boosted their price objective on shares of CrowdStrike from $540.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Finally, Mizuho set a $540.00 target price on shares of CrowdStrike in a research report on Thursday, January 8th. Thirty-one investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $555.21.

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.