Banque Cantonale Vaudoise Sells 1,598 Shares of CrowdStrike $CRWD

Banque Cantonale Vaudoise lessened its stake in shares of CrowdStrike (NASDAQ:CRWDFree Report) by 14.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,422 shares of the company’s stock after selling 1,598 shares during the quarter. Banque Cantonale Vaudoise’s holdings in CrowdStrike were worth $4,621,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Asset Planning Inc bought a new stake in CrowdStrike during the 3rd quarter worth $25,000. Pilgrim Partners Asia Pte Ltd acquired a new position in CrowdStrike in the 3rd quarter worth about $25,000. Howard Hughes Medical Institute bought a new position in CrowdStrike in the second quarter valued at about $27,000. Pinnacle Bancorp Inc. acquired a new stake in shares of CrowdStrike during the third quarter valued at about $27,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of CrowdStrike during the second quarter valued at about $33,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Key CrowdStrike News

Here are the key news stories impacting CrowdStrike this week:

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,530 shares of the business’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 $734,063.40. Following the transaction, the chief accounting officer owned 44,562 shares in the company, valued at $21,379,956.36. The trade was a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 28,853 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $413.01, for a total transaction of $11,916,577.53. Following the sale, the chief executive officer directly owned 2,054,902 shares in the company, valued at $848,695,075.02. This trade represents a 1.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 90,068 shares of company stock valued at $40,447,425 over the last three months. 3.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CRWD shares. Berenberg Bank set a $600.00 price objective on CrowdStrike and gave the company a “buy” rating in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft cut their target price on shares of CrowdStrike from $475.00 to $440.00 and set a “hold” rating on the stock in a research report on Wednesday, March 4th. Citigroup reduced their target price on shares of CrowdStrike from $610.00 to $525.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. UBS Group restated an “overweight” rating on shares of CrowdStrike in a research report on Wednesday, March 4th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of CrowdStrike in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $505.98.

Read Our Latest Report on CrowdStrike

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $434.13 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 1.77. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90. The company has a 50 day simple moving average of $430.72 and a two-hundred day simple moving average of $469.43. The company has a market capitalization of $109.44 billion, a PE ratio of -586.65, a P/E/G ratio of 20.96 and a beta of 1.07.

CrowdStrike (NASDAQ:CRWDGet Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. CrowdStrike had a negative net margin of 3.81% and a negative return on equity of 0.14%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. Research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

CrowdStrike Company 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.

Further Reading

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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