BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 16,658 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 61.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,934 shares of the company’s stock after acquiring an additional 16,658 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in CrowdStrike were worth $16,835,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC purchased a new position in shares of CrowdStrike during the first quarter valued at approximately $30,000. Family Firm Inc. bought a new stake in CrowdStrike in the 2nd quarter valued at about $30,000. Johnson Financial Group Inc. purchased a new stake in CrowdStrike during the fourth quarter valued at about $31,000. Northwest Bank & Trust Co bought a new position in CrowdStrike during the fourth quarter worth about $32,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of CrowdStrike in the first quarter worth about $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

CRWD has been the subject of several analyst reports. Oppenheimer cut their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. Needham & Company LLC assumed coverage on CrowdStrike in a research note on Monday. They set a “buy” rating and a $360.00 price objective on the stock. JMP Securities restated a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research note on Tuesday. Finally, Barclays upped their price target on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $326.50.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the transaction, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the sale, the insider now owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,500 shares of company stock worth $13,301,815. 4.34% of the stock is currently owned by insiders.

CrowdStrike Trading Down 1.6 %

Shares of CRWD opened at $288.54 on Wednesday. The stock has a market capitalization of $70.22 billion, a P/E ratio of 544.42, a PEG ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $262.61 and a two-hundred day simple moving average of $311.78.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period in the prior year, the business posted $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

About CrowdStrike

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.