CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Swiss National Bank

Swiss National Bank raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 685,300 shares of the company’s stock after acquiring an additional 6,100 shares during the quarter. Swiss National Bank owned approximately 0.28% of CrowdStrike worth $192,206,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new stake in CrowdStrike in the second quarter valued at approximately $30,000. Itau Unibanco Holding S.A. purchased a new stake in CrowdStrike in the second quarter valued at approximately $33,000. Unique Wealth Strategies LLC purchased a new position in shares of CrowdStrike during the second quarter worth approximately $36,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of CrowdStrike in the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $336.75 on Monday. The stock has a market capitalization of $82.55 billion, a P/E ratio of 488.04, a PEG ratio of 22.77 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $297.79 and its 200 day moving average price is $310.36. CrowdStrike Holdings, Inc. has a twelve month low of $198.86 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now directly owns 120,298 shares in the company, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CRWD shares. JPMorgan Chase & Co. lowered their target price on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Jefferies Financial Group upped their price objective on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Stifel Nicolaus cut their price target on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $328.74.

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.