Legal & General Group Plc Cuts Stock Position in CrowdStrike $CRWD

Legal & General Group Plc cut its position in shares of CrowdStrike (NASDAQ:CRWD) by 3.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,834,877 shares of the company’s stock after selling 73,185 shares during the period. Legal & General Group Plc’s holdings in CrowdStrike were worth $899,787,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CRWD. Laurel Wealth Advisors LLC boosted 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 worth $2,186,714,000 after buying an additional 4,285,640 shares in the last quarter. Norges Bank bought a new position in CrowdStrike during the second quarter valued at approximately $1,638,365,000. Vestor Capital LLC raised its stake 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 acquiring an additional 976,822 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of CrowdStrike by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after acquiring an additional 596,007 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of CrowdStrike by 19.9% in the 3rd quarter. First Trust Advisors LP now owns 2,599,902 shares of the company’s stock worth $1,274,940,000 after acquiring an additional 431,382 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about CrowdStrike

Here are the key news stories impacting CrowdStrike this week:

• Positive Sentiment: Q4 beat and guidance momentum: CrowdStrike’s Q4 results topped expectations and the company highlighted strong adoption of its Falcon Flex subscription, which helped spark a multi-day rally and a meaningful market-cap increase. CrowdStrike Stock Hits $428: Why This Earnings Beat Is A Game Changer
• Positive Sentiment: Industry tailwinds: Analysts note broader security spending is rising as data breaches and geopolitical risk push enterprises to buy comprehensive solutions, benefiting leaders like CrowdStrike. 4 Security Stocks to Watch Amid the Flourishing Industry Trend
• Positive Sentiment: Geographic expansion/partnership: CrowdStrike announced a tie-up with STACKIT to pursue GDPR-focused growth in Europe, supporting international ARR expansion. CrowdStrike Taps STACKIT To Pursue GDPR Focused Growth In Europe
• Positive Sentiment: Analyst / bank commentary tilting constructive: Scotiabank published a positive outlook on CrowdStrike’s earnings cadence, adding support to the bullish narrative. Scotiabank Issues Positive Outlook for CrowdStrike Earnings
• Neutral Sentiment: Sell-side stance mixed: Mizuho issued a “Hold” on CRWD after the results — a neutral signal that may limit upside from some institutional holders. CrowdStrike Gets a Hold from Mizuho Securities
• Neutral Sentiment: Short-interest data appears anomalous: Recent reporting shows 0 shares of short interest and a 0.0 days-to-cover figure, suggesting a data/reporting glitch rather than meaningful short-covering pressure.
• Negative Sentiment: Valuation caution: Coverage highlights that CrowdStrike’s premium valuation remains a risk — some outlets recommend a cautious stance despite strong top-line momentum. CRWD Stock Rises 10% Post Q4 Results: Should You Buy, Sell or Hold?

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 28,853 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total value of $11,916,577.53. Following the completion of the sale, the chief executive officer owned 2,054,902 shares in the company, valued at approximately $848,695,075.02. This trade represents a 1.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 7,871 shares of CrowdStrike stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $415.78, for a total value of $3,272,604.38. Following the completion of the sale, the chief financial officer owned 169,613 shares in the company, valued at approximately $70,521,693.14. This represents a 4.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 90,068 shares of company stock valued at $40,447,425 over the last ninety days. Corporate insiders own 3.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $520.00 target price on shares of CrowdStrike in a report on Wednesday, March 4th. BTIG Research lowered their price target on shares of CrowdStrike from $640.00 to $499.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Loop Capital set a $550.00 price target on shares of CrowdStrike in a research report on Thursday, December 11th. Robert W. Baird decreased their price objective on CrowdStrike from $550.00 to $450.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Finally, Sanford C. Bernstein boosted their target price on CrowdStrike from $353.00 to $368.00 and gave the company a “market perform” rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $505.98.

CrowdStrike Trading Up 1.2%

Shares of CRWD opened at $434.13 on Tuesday. The stock has a market capitalization of $109.44 billion, a P/E ratio of -586.65, a PEG ratio of 20.96 and a beta of 1.07. CrowdStrike has a twelve month low of $298.00 and a twelve month high of $566.90. 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 firm has a fifty day simple moving average of $430.72 and a two-hundred day simple moving average of $469.43.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. CrowdStrike had a negative net margin of 3.81% and a negative return on equity of 0.14%. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. On average, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current 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.