APG Asset Management N.V. Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

APG Asset Management N.V. increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 186,057 shares of the company’s stock after purchasing an additional 7,324 shares during the quarter. APG Asset Management N.V. owned approximately 0.08% of CrowdStrike worth $66,522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CRWD. APG Asset Management US Inc. lifted its position in CrowdStrike by 2.2% during the second quarter. APG Asset Management US Inc. now owns 71,194 shares of the company’s stock valued at $27,919,000 after buying an additional 1,552 shares during the period. AQR Capital Management LLC increased its stake in shares of CrowdStrike by 3.9% in the 2nd quarter. AQR Capital Management LLC now owns 615,182 shares of the company’s stock worth $235,732,000 after acquiring an additional 23,336 shares in the last quarter. AXA S.A. lifted its position in CrowdStrike by 1.3% during the 2nd quarter. AXA S.A. now owns 153,595 shares of the company’s stock valued at $58,856,000 after acquiring an additional 2,026 shares during the period. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike during the second quarter worth about $25,000. Finally, Caxton Associates LP grew its holdings in CrowdStrike by 103.7% in the second quarter. Caxton Associates LP now owns 13,352 shares of the company’s stock worth $5,116,000 after purchasing an additional 6,796 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The disclosure for this sale can be found here. Over the last quarter, insiders sold 111,962 shares of company stock worth $34,477,948. 4.34% of the stock is owned by insiders.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $281.48 on Friday. The company has a market capitalization of $69.00 billion, a P/E ratio of 531.10, a P/E/G ratio of 19.60 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1-year low of $160.67 and a 1-year high of $398.33. The firm’s 50 day simple moving average is $261.24 and its two-hundred day simple moving average is $311.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate 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 net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. Research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CRWD shares. Canaccord Genuity Group lowered their target price on shares of CrowdStrike from $340.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, August 29th. DA Davidson reissued a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research note on Wednesday, September 18th. The Goldman Sachs Group reduced their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Raymond James dropped their price target on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, Susquehanna restated a “positive” rating and set a $310.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.50.

CrowdStrike Company 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.