EFG Asset Management North America Corp. Increases Holdings in CrowdStrike $CRWD

EFG Asset Management North America Corp. increased its position in shares of CrowdStrike (NASDAQ:CRWD) by 17.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,038 shares of the company’s stock after purchasing an additional 1,677 shares during the quarter. EFG Asset Management North America Corp.’s holdings in CrowdStrike were worth $5,412,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Laurel Wealth Advisors LLC lifted its stake in CrowdStrike by 54,635.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock valued at $2,186,714,000 after acquiring an additional 4,285,640 shares during the period. Norges Bank purchased a new position in shares of CrowdStrike during the second quarter worth $1,638,365,000. Vestor Capital LLC raised its holdings in shares of CrowdStrike by 269,840.3% during the second quarter. Vestor Capital LLC now owns 977,184 shares of the company’s stock worth $497,690,000 after purchasing an additional 976,822 shares during the last quarter. Vanguard Group Inc. lifted its position in CrowdStrike by 2.6% during the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock valued at $11,933,425,000 after purchasing an additional 596,007 shares during the period. Finally, State Street Corp boosted its holdings in CrowdStrike by 3.6% in the second quarter. State Street Corp now owns 10,804,651 shares of the company’s stock valued at $5,502,917,000 after purchasing an additional 370,965 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 836 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $476.83, for a total transaction of $398,629.88. Following the completion of the sale, the chief accounting officer directly owned 43,726 shares in the company, valued at approximately $20,849,868.58. The trade was a 1.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Johanna Flower sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total value of $1,385,820.00. Following the transaction, the director directly owned 76,082 shares of the company’s stock, valued at $35,145,319.08. The trade was a 3.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 69,048 shares of company stock worth $34,509,857 in the last quarter. 3.32% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on CRWD. Piper Sandler lifted their price objective on CrowdStrike from $450.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Daiwa Capital Markets lifted their price target on CrowdStrike from $530.00 to $560.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. KeyCorp reissued a “sector weight” rating on shares of CrowdStrike in a report on Monday, January 12th. Evercore ISI upped their price objective on CrowdStrike from $430.00 to $460.00 and gave the stock an “in-line” rating in a research report on Wednesday, December 3rd. Finally, Canaccord Genuity Group lifted their target price on shares of CrowdStrike from $500.00 to $515.00 and gave the company a “hold” rating in a report on Wednesday, December 3rd. Thirty-one analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $555.21.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $468.33 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a fifty day moving average of $483.92 and a 200 day moving average of $477.83. The firm has a market cap of $118.07 billion, a PE ratio of -371.69, a PEG ratio of 109.85 and a beta of 1.03. CrowdStrike has a one year low of $298.00 and a one year high of $566.90.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 earnings per share. As a group, research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

About CrowdStrike

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.