3,216,833 Shares in CrowdStrike $CRWD Purchased by Norges Bank

Norges Bank acquired a new position in shares of CrowdStrike (NASDAQ:CRWD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,216,833 shares of the company’s stock, valued at approximately $1,638,365,000. Norges Bank owned about 1.29% of CrowdStrike at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CRWD. Laurel Wealth Advisors LLC raised its stake in 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 buying an additional 4,285,640 shares during the period. Nuveen LLC bought a new position in CrowdStrike during the 1st quarter worth $595,766,000. Vestor Capital LLC lifted 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 buying an additional 976,822 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in CrowdStrike by 52.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock worth $977,149,000 after acquiring an additional 955,529 shares during the period. Finally, Vanguard Group Inc. grew its position in CrowdStrike by 4.1% during the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock worth $8,051,011,000 after buying an additional 908,554 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Trading Down 2.1%

Shares of CrowdStrike stock opened at $501.54 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $125.87 billion, a P/E ratio of -421.46, a price-to-earnings-growth ratio of 118.23 and a beta of 1.16. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90. The stock has a fifty day simple moving average of $511.63 and a 200 day simple moving average of $476.30.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The company’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 EPS. On average, sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on CRWD. New Street Research set a $460.00 price objective on CrowdStrike in a research note on Thursday, August 28th. Sanford C. Bernstein dropped their target price on shares of CrowdStrike from $371.00 to $343.00 and set a “market perform” rating for the company in a report on Thursday, August 28th. DZ Bank lowered shares of CrowdStrike from a “hold” rating to a “sell” rating and set a $440.00 price target on the stock. in a report on Wednesday, September 24th. Piper Sandler dropped their price objective on shares of CrowdStrike from $505.00 to $450.00 and set a “neutral” rating for the company in a research note on Thursday, August 28th. Finally, Truist Financial increased their price target on CrowdStrike from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $543.75.

Insider Activity at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 1,957 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $550.41, for a total value of $1,077,152.37. Following the completion of the sale, the chief financial officer directly owned 218,467 shares of the company’s stock, valued at $120,246,421.47. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Michael Sentonas sold 10,000 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $515.00, for a total value of $5,150,000.00. Following the completion of the sale, the president owned 354,116 shares in the company, valued at approximately $182,369,740. The trade was a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 116,622 shares of company stock worth $58,561,456 over the last 90 days. Corporate insiders own 3.32% of the company’s stock.

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.