MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $266.28 Million Holdings in CrowdStrike $CRWD

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of CrowdStrike (NASDAQ:CRWD) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 543,917 shares of the company’s stock after purchasing an additional 57,157 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in CrowdStrike were worth $266,276,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CRWD. Asset Planning Inc bought a new stake in shares of CrowdStrike during the 3rd quarter worth approximately $25,000. Pilgrim Partners Asia Pte Ltd bought a new position in CrowdStrike in the third quarter valued at approximately $25,000. Anchor Investment Management LLC bought a new position in CrowdStrike in the third quarter valued at approximately $25,000. Logan Capital Management Inc. acquired a new position in CrowdStrike during the third quarter valued at approximately $26,000. Finally, Howard Hughes Medical Institute acquired a new position in CrowdStrike during the second quarter valued at approximately $27,000. 71.16% of the stock is owned by institutional investors.

Insider Transactions at CrowdStrike

In other news, President Michael Sentonas sold 11,461 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the completion of the transaction, the president owned 342,655 shares of the company’s stock, valued at approximately $164,399,015.90. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 28,853 shares of CrowdStrike 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 approximately $848,695,075.02. This trade represents a 1.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 90,024 shares of company stock worth $40,424,241. 3.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CRWD shares. Truist Financial reduced their target price on CrowdStrike from $600.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Canaccord Genuity Group lowered their price target on CrowdStrike from $515.00 to $400.00 and set a “hold” rating for the company in a report on Wednesday, March 4th. Stifel Nicolaus reduced their price objective on CrowdStrike from $600.00 to $480.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on CrowdStrike from $475.00 to $440.00 and set a “hold” rating on the stock in a research report on Wednesday, March 4th. Finally, Mizuho lowered their target price on CrowdStrike from $540.00 to $490.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $506.26.

CrowdStrike Stock Performance

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

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 the consensus estimate of $1.10 by $0.02. CrowdStrike had a negative return on equity of 0.14% and a negative net margin of 3.81%.The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue was up 23.8% compared to the same quarter last year. Equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

CrowdStrike Profile

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.