Zurcher Kantonalbank Zurich Cantonalbank Purchases 116,278 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 148.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 194,403 shares of the company’s stock after purchasing an additional 116,278 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CrowdStrike were worth $54,524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jennison Associates LLC raised its position in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares during the last quarter. Legal & General Group Plc raised its position in shares of CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after purchasing an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after purchasing an additional 77,100 shares during the last quarter. Bank of New York Mellon Corp raised its position in CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in CrowdStrike by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock valued at $379,895,000 after acquiring an additional 20,899 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

CrowdStrike stock opened at $347.59 on Thursday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The business has a fifty day moving average of $313.47 and a two-hundred day moving average of $312.77. The company has a market cap of $85.20 billion, a P/E ratio of 503.75, a price-to-earnings-growth ratio of 26.33 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released 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 company 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%. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. As a group, analysts predict that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. CICC Research started coverage on shares of CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective for the company. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research note on Wednesday. TD Cowen decreased their target price on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Evercore ISI boosted their target price on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $355.80.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 in the last 90 days. 4.34% of the stock is currently owned by insiders.

CrowdStrike 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.