National Bank of Canada FI Increases Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

National Bank of Canada FI increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 97,713 shares of the company’s stock after acquiring an additional 15,870 shares during the quarter. National Bank of Canada FI’s holdings in CrowdStrike were worth $38,310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRWD. Norges Bank purchased a new position in shares of CrowdStrike during the 4th quarter valued at approximately $683,336,000. Pathstone Holdings LLC acquired a new stake in CrowdStrike in the fourth quarter worth $450,418,000. Vanguard Group Inc. lifted its stake in CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after acquiring an additional 564,662 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of CrowdStrike by 619.0% during the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after acquiring an additional 477,706 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of several recent research reports. Truist Financial reiterated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research report on Wednesday, August 28th. Stifel Nicolaus reduced their price objective on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Thursday, August 29th. BMO Capital Markets lifted their target price on CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Rosenblatt Securities decreased their price target on CrowdStrike from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $327.16.

Insiders Place Their Bets

In related news, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the transaction, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the transaction, the president now owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The disclosure for this sale can be found here. Insiders sold a total of 130,219 shares of company stock valued at $48,856,294 in the last quarter. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 1.1 %

CrowdStrike stock opened at $256.43 on Friday. The company has a market capitalization of $62.41 billion, a P/E ratio of 483.83, a P/E/G ratio of 13.44 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1-year low of $157.59 and a 1-year high of $398.33. The firm’s fifty day simple moving average is $292.42 and its 200-day simple moving average is $316.40. The company has a current ratio of 1.90, a quick ratio of 1.80 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. Sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current fiscal year.

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.