Mitsubishi UFJ Trust & Banking Corp Decreases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mitsubishi UFJ Trust & Banking Corp reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,933 shares of the company’s stock after selling 2,176 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in CrowdStrike were worth $21,079,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its stake in CrowdStrike by 1,593.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,643,904 shares of the company’s stock worth $388,310,000 after acquiring an additional 2,487,806 shares in the last quarter. BlackRock Inc. grew its stake in CrowdStrike by 17.6% in the 2nd quarter. BlackRock Inc. now owns 16,070,200 shares of the company’s stock worth $2,360,230,000 after acquiring an additional 2,401,659 shares in the last quarter. Norges Bank bought a new position in CrowdStrike in the 4th quarter worth about $244,740,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of CrowdStrike by 62.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock valued at $396,019,000 after purchasing an additional 1,440,905 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of CrowdStrike by 69.3% during the first quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock valued at $524,750,000 after purchasing an additional 945,703 shares in the last quarter. 63.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on CRWD. Piper Sandler increased their price objective on shares of CrowdStrike from $210.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, November 29th. Needham & Company LLC increased their price objective on shares of CrowdStrike from $250.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. KeyCorp increased their price objective on shares of CrowdStrike from $245.00 to $318.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. Rosenblatt Securities lifted their price target on shares of CrowdStrike from $245.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $200.00 price target on shares of CrowdStrike in a report on Tuesday, November 28th. One research analyst has rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $242.61.

Get Our Latest Report on CrowdStrike

CrowdStrike Price Performance

NASDAQ CRWD opened at $329.34 on Monday. The company has a fifty day moving average of $272.45 and a 200 day moving average of $208.92. CrowdStrike Holdings, Inc. has a 1 year low of $107.60 and a 1 year high of $336.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.74 and a current ratio of 1.74.

CrowdStrike (NASDAQ:CRWDGet Free Report) last posted its earnings results on Tuesday, November 28th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The company had revenue of $786.01 million during the quarter, compared to the consensus estimate of $777.30 million. CrowdStrike had a negative net margin of 0.42% and a positive return on equity of 1.11%. The firm’s quarterly revenue was up 35.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.20) earnings per share. On average, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,399 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $254.75, for a total value of $356,395.25. Following the completion of the transaction, the chief accounting officer now owns 37,155 shares in the company, valued at $9,465,236.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,399 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $254.75, for a total value of $356,395.25. Following the completion of the transaction, the chief accounting officer now owns 37,155 shares in the company, valued at $9,465,236.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 60,000 shares of the company’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $283.69, for a total transaction of $17,021,400.00. Following the completion of the transaction, the chief executive officer now owns 1,020,194 shares of the company’s stock, valued at approximately $289,418,835.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 258,550 shares of company stock worth $67,168,751. Company insiders own 5.68% of the company’s stock.

CrowdStrike Company Profile

(Free Report)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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