CrowdStrike $CRWD Shares Bought by BIT Capital GmbH

BIT Capital GmbH boosted its stake in shares of CrowdStrike (NASDAQ:CRWDFree Report) by 162.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,326 shares of the company’s stock after purchasing an additional 2,676 shares during the period. BIT Capital GmbH’s holdings in CrowdStrike were worth $2,121,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Planning Inc acquired a new position in shares of CrowdStrike in the 3rd quarter valued at $25,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of CrowdStrike in the third quarter valued at about $25,000. AlphaQuest LLC purchased a new position in shares of CrowdStrike in the second quarter worth about $26,000. Howard Hughes Medical Institute acquired a new stake in shares of CrowdStrike during the second quarter worth about $27,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in CrowdStrike in the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

More CrowdStrike News

Here are the key news stories impacting CrowdStrike this week:

Analysts Set New Price Targets

A number of equities analysts have issued reports on CRWD shares. JPMorgan Chase & Co. raised their price target on shares of CrowdStrike from $500.00 to $580.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Mizuho decreased their target price on shares of CrowdStrike from $540.00 to $490.00 and set a “neutral” rating for the company in a research report on Tuesday. Barclays upped their price target on shares of CrowdStrike from $515.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Susquehanna boosted their price objective on CrowdStrike from $530.00 to $600.00 and gave the company a “positive” rating in a report on Wednesday, December 3rd. Finally, Citigroup upped their target price on CrowdStrike from $595.00 to $610.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Thirty investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $550.09.

Read Our Latest Stock Report on CrowdStrike

Insider Buying and Selling at CrowdStrike

In related news, Director Johanna Flower sold 3,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the completion of the transaction, the director owned 76,082 shares in the company, valued at $35,145,319.08. This represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Sentonas sold 11,461 shares of CrowdStrike stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the sale, the president directly owned 342,655 shares in the company, valued at approximately $164,399,015.90. This trade represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 100,247 shares of company stock valued at $45,722,274. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Stock Up 1.5%

Shares of CRWD opened at $422.14 on Friday. The firm has a market cap of $106.42 billion, a P/E ratio of -335.03, a PEG ratio of 23.79 and a beta of 1.03. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90. The stock’s 50 day moving average is $452.77 and its two-hundred day moving average is $472.24. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18.

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

CrowdStrike Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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