Swiss National Bank Has $192.21 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Swiss National Bank grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 0.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 685,300 shares of the company's stock after buying an additional 6,100 shares during the quarter. Swiss National Bank owned 0.28% of CrowdStrike worth $192,206,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Legal & General Group Plc grew its stake in CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company's stock worth $785,425,000 after purchasing an additional 60,607 shares in the last quarter. Ameriprise Financial Inc. boosted its position in CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company's stock valued at $696,471,000 after acquiring an additional 77,100 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of 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 valued at $671,828,000 after purchasing an additional 564,662 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of CrowdStrike by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company's stock valued at $426,212,000 after purchasing an additional 9,564 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock worth $259,668,000 after acquiring an additional 920,695 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Up 1.8 %

Shares of CrowdStrike stock traded up $6.22 during midday trading on Monday, hitting $342.97. The company's stock had a trading volume of 2,385,224 shares, compared to its average volume of 5,012,261. The firm has a market capitalization of $84.07 billion, a P/E ratio of 497.06, a PEG ratio of 22.77 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. 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 stock has a 50-day simple moving average of $297.79 and a 200-day simple moving average of $310.36.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (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 analysts' expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of research analyst reports. HSBC upgraded CrowdStrike from a "hold" rating to a "buy" rating and raised their target price for the stock from $302.00 to $339.00 in a research note on Friday, August 30th. Wedbush set a $330.00 price target on CrowdStrike in a research report on Thursday, October 17th. BMO Capital Markets increased their price target on CrowdStrike from $290.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. UBS Group cut their price target on CrowdStrike from $330.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Finally, Canaccord Genuity Group restated a "buy" rating and set a $330.00 target price on shares of CrowdStrike in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $331.90.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,683 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 55,325 shares of the business's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 over the last quarter. Insiders own 4.34% of the company's stock.

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.