Railway Pension Investments Ltd Buys 9,835 Shares of CrowdStrike $CRWD

Railway Pension Investments Ltd increased its position in shares of CrowdStrike (NASDAQ:CRWD) by 8.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,855 shares of the company’s stock after acquiring an additional 9,835 shares during the quarter. Railway Pension Investments Ltd’s holdings in CrowdStrike were worth $61,553,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Advyzon Investment Management LLC increased its holdings in CrowdStrike by 142.9% during the second quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock worth $461,000 after buying an additional 533 shares during the last quarter. Draper Asset Management LLC increased its stake in shares of CrowdStrike by 59.1% during the 2nd quarter. Draper Asset Management LLC now owns 4,358 shares of the company’s stock worth $2,176,000 after purchasing an additional 1,619 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of CrowdStrike by 33.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company’s stock valued at $8,483,000 after purchasing an additional 5,998 shares during the period. Drucker Wealth 3.0 LLC bought a new stake in shares of CrowdStrike in the 2nd quarter valued at about $397,000. Finally, Accel Wealth Management acquired a new stake in CrowdStrike in the 2nd quarter valued at about $269,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 1.6%

NASDAQ CRWD opened at $509.51 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $127.87 billion, a price-to-earnings ratio of -428.16, a PEG ratio of 120.02 and a beta of 1.16. The company has a 50 day moving average of $511.77 and a 200-day moving average of $477.12. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The company’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $1.04 EPS. On average, equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $315,335,433.52. The trade was a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 10,706 shares of the stock in a transaction that occurred 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 sale, the chief financial officer owned 220,424 shares in the company, valued at $109,257,564.08. This represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 116,622 shares of company stock worth $58,561,456 in the last ninety days. 3.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on CrowdStrike from $492.00 to $535.00 and gave the company a “buy” rating in a research note on Friday, September 19th. JMP Securities increased their price target on CrowdStrike from $500.00 to $550.00 and gave the company a “market outperform” rating in a research note on Tuesday, September 23rd. Roth Capital reaffirmed a “buy” rating and set a $510.00 price target (up previously from $410.00) on shares of CrowdStrike in a report on Thursday, September 18th. Royal Bank Of Canada increased their price objective on shares of CrowdStrike from $540.00 to $621.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Finally, DA Davidson lifted their target price on shares of CrowdStrike from $515.00 to $580.00 and gave the stock a “buy” rating in a report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.