ING Groep NV Acquires Shares of 47,125 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

ING Groep NV bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 47,125 shares of the company’s stock, valued at approximately $13,217,000.

Other institutional investors also recently modified their holdings of the company. Beacon Financial Advisory LLC bought a new position in shares of CrowdStrike during the third quarter valued at approximately $955,000. Burney Co. purchased a new stake in shares of CrowdStrike in the 1st quarter worth approximately $1,342,000. Doliver Advisors LP increased its position in CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after buying an additional 4,664 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after buying an additional 78,305 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after acquiring an additional 2,863 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,248 shares of company stock worth $31,103,350. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 1.0 %

Shares of CrowdStrike stock opened at $344.36 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market cap of $84.41 billion, a price-to-earnings ratio of 499.07, a PEG ratio of 23.52 and a beta of 1.10. CrowdStrike Holdings, Inc. has a twelve month low of $198.86 and a twelve month high of $398.33. The business has a 50-day moving average price of $294.23 and a 200-day moving average price of $309.66.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $290.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. Guggenheim cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Evercore ISI lowered their price objective on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Needham & Company LLC started coverage on CrowdStrike in a report on Monday, September 23rd. They issued a “buy” rating and a $360.00 target price for the company. Finally, TD Cowen decreased their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $328.74.

About CrowdStrike

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.