AEGON ASSET MANAGEMENT UK Plc Purchases 11,759 Shares of CrowdStrike $CRWD

AEGON ASSET MANAGEMENT UK Plc lifted its stake in CrowdStrike (NASDAQ:CRWD) by 10.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,358 shares of the company’s stock after acquiring an additional 11,759 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in CrowdStrike were worth $61,443,000 at the end of the most recent reporting period.

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

Insider Transactions at CrowdStrike

In related news, President Michael Sentonas sold 11,461 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $479.78, for a total value of $5,498,758.58. Following the completion of the transaction, the president directly owned 342,655 shares of the company’s stock, valued at approximately $164,399,015.90. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 10,516 shares of CrowdStrike stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $483.33, for a total value of $5,082,698.28. Following the transaction, the chief financial officer owned 179,114 shares of the company’s stock, valued at $86,571,169.62. This represents a 5.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 69,048 shares of company stock valued at $34,509,857. 3.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CRWD shares. TD Cowen restated a “buy” rating on shares of CrowdStrike in a research note on Thursday, January 8th. Wells Fargo & Company increased their target price on CrowdStrike from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, October 1st. Oppenheimer boosted their price target on CrowdStrike from $560.00 to $580.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Daiwa Capital Markets upped 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. Finally, JPMorgan Chase & Co. increased their price objective on CrowdStrike from $500.00 to $580.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. Thirty-one equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $555.21.

CrowdStrike Stock Performance

CRWD stock opened at $452.49 on Monday. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. The firm has a market cap of $114.07 billion, a PE ratio of -359.12, a P/E/G ratio of 109.85 and a beta of 1.03. The business’s 50-day moving average price is $485.15 and its two-hundred day moving average price is $477.97.

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