CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 429.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,443 shares of the company’s stock after purchasing an additional 242,052 shares during the period. Principal Financial Group Inc. owned approximately 0.12% of CrowdStrike worth $114,360,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after acquiring an additional 315,280 shares during the period. Norges Bank acquired a new position in shares of CrowdStrike in the fourth quarter valued at approximately $683,336,000. First Trust Advisors LP increased its stake in CrowdStrike by 19.3% during the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after buying an additional 358,945 shares during the period. Pathstone Holdings LLC acquired a new stake in CrowdStrike during the 4th quarter worth approximately $450,418,000. Finally, Bank of New York Mellon Corp boosted its position in CrowdStrike by 47.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after buying an additional 564,662 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Mizuho decreased their target price on CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Redburn Atlantic cut shares of CrowdStrike from a “neutral” rating to a “sell” rating and reduced their target price for the company from $380.00 to $275.00 in a report on Thursday, July 18th. Needham & Company LLC lowered their price target on shares of CrowdStrike from $375.00 to $350.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank of Canada dropped their price objective on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Barclays lifted their price objective on shares of CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $326.15.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the transaction, the insider now owns 200,672 shares of the company’s stock, valued at $76,843,328.96. The disclosure for this sale can be found here. Insiders have sold 130,219 shares of company stock valued at $48,856,294 in the last quarter. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $277.28 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $303.94 and its two-hundred day moving average is $318.50. The stock has a market capitalization of $67.48 billion, a price-to-earnings ratio of 522.13, a PEG ratio of 11.79 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12-month low of $145.38 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its 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. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the company earned $0.06 earnings per share. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. Research analysts expect that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current 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.