iA Global Asset Management Inc. Buys 916 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

iA Global Asset Management Inc. grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,388 shares of the company’s stock after purchasing an additional 916 shares during the quarter. iA Global Asset Management Inc.’s holdings in CrowdStrike were worth $6,857,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jaffetilchin Investment Partners LLC grew its stake in shares of CrowdStrike by 5.0% in the first quarter. Jaffetilchin Investment Partners LLC now owns 3,768 shares of the company’s stock valued at $1,208,000 after acquiring an additional 179 shares in the last quarter. Beacon Capital Management LLC grew its stake in shares of CrowdStrike by 63.6% in the first quarter. Beacon Capital Management LLC now owns 193 shares of the company’s stock valued at $62,000 after acquiring an additional 75 shares in the last quarter. Tidal Investments LLC grew its stake in shares of CrowdStrike by 40.8% in the first quarter. Tidal Investments LLC now owns 17,018 shares of the company’s stock valued at $5,456,000 after acquiring an additional 4,934 shares in the last quarter. Motley Fool Asset Management LLC grew its stake in shares of CrowdStrike by 8.5% in the first quarter. Motley Fool Asset Management LLC now owns 7,147 shares of the company’s stock valued at $2,291,000 after acquiring an additional 560 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of CrowdStrike by 1.0% in the first quarter. California State Teachers Retirement System now owns 351,470 shares of the company’s stock valued at $112,678,000 after acquiring an additional 3,351 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the transaction, the insider now directly owns 204,961 shares of the company’s stock, valued at approximately $68,358,592.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $333.52, for a total value of $1,334,080.00. Following the sale, the insider now directly owns 204,961 shares in the company, valued at approximately $68,358,592.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total value of $17,131,890.39. Following the completion of the sale, the chief executive officer now owns 1,146,048 shares in the company, valued at $348,868,471.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 219,675 shares of company stock valued at $76,931,522. 4.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Tuesday, July 23rd. Wells Fargo & Company reduced their price objective on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. BMO Capital Markets reduced their price objective on shares of CrowdStrike from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Finally, Truist Financial reduced their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $351.76.

CrowdStrike Trading Down 3.3 %

CrowdStrike stock traded down $7.74 during mid-day trading on Thursday, hitting $224.22. 9,886,160 shares of the stock were exchanged, compared to its average volume of 5,311,436. The stock has a market capitalization of $54.57 billion, a price-to-earnings ratio of 427.37, a PEG ratio of 11.95 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12 month low of $140.52 and a 12 month high of $398.33. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm’s fifty day simple moving average is $347.78 and its two-hundred day simple moving average is $325.48.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.89 EPS for the current year.

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.