MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 57,157 Shares of CrowdStrike $CRWD

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in CrowdStrike (NASDAQ:CRWD) by 11.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 543,917 shares of the company’s stock after purchasing an additional 57,157 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.22% of CrowdStrike worth $266,276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Asset Planning Inc bought a new position in CrowdStrike during the third quarter worth about $25,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of CrowdStrike in the third quarter worth about $25,000. Anchor Investment Management LLC bought a new stake in shares of CrowdStrike in the third quarter worth about $25,000. Logan Capital Management Inc. acquired a new stake in shares of CrowdStrike during the third quarter worth about $26,000. Finally, Howard Hughes Medical Institute acquired a new stake in shares of CrowdStrike during the second quarter worth about $27,000. 71.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CRWD. Loop Capital set a $550.00 price objective on CrowdStrike in a research report on Thursday, December 11th. Susquehanna lifted their price target on shares of CrowdStrike from $530.00 to $600.00 and gave the company a “positive” rating in a research note on Wednesday, December 3rd. Scotiabank reiterated an “outperform” rating on shares of CrowdStrike in a report on Wednesday, December 3rd. DZ Bank raised shares of CrowdStrike from a “sell” rating to a “buy” rating and set a $490.00 price objective for the company in a research report on Wednesday, March 11th. Finally, HSBC raised their price objective on shares of CrowdStrike from $417.00 to $446.00 and gave the stock a “hold” rating in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $506.26.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 28,853 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total transaction of $11,916,577.53. Following the transaction, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 10,516 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the transaction, the chief financial officer directly owned 179,114 shares in the company, valued at approximately $86,571,169.62. This represents a 5.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 90,024 shares of company stock valued at $40,424,241 in the last ninety days. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Price Performance

NASDAQ CRWD opened at $423.84 on Tuesday. The firm’s 50 day moving average is $427.97 and its 200-day moving average is $469.88. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $107.49 billion, a PE ratio of -572.75, a price-to-earnings-growth ratio of 19.38 and a beta of 1.07. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $1.12 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business posted $1.03 EPS. The company’s quarterly revenue was up 23.8% on a year-over-year basis. Equities research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal 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.