Tokio Marine Asset Management Co. Ltd. Buys 240 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,729 shares of the company’s stock after purchasing an additional 240 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in CrowdStrike were worth $1,887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike during the second quarter worth $25,000. Family Firm Inc. acquired a new position in CrowdStrike in the 2nd quarter worth about $30,000. Itau Unibanco Holding S.A. bought a new position in CrowdStrike in the second quarter valued at about $33,000. Unique Wealth Strategies LLC acquired a new stake in shares of CrowdStrike during the second quarter valued at about $36,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of CrowdStrike during the second quarter valued at about $38,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now owns 816,730 shares of the company’s stock, valued at $261,745,630.40. This trade represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,248 shares of company stock valued at $31,103,350 in the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on CRWD shares. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and cut their price target for the stock from $380.00 to $275.00 in a report on Thursday, July 18th. Scotiabank decreased their price objective on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Wells Fargo & Company cut their target price on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, Robert W. Baird reduced their price target on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Trading Down 1.0 %

Shares of CrowdStrike stock opened at $344.36 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $294.23 and a 200 day simple moving average of $309.66. CrowdStrike Holdings, Inc. has a 12-month low of $198.86 and a 12-month high of $398.33. The company has a market capitalization of $84.41 billion, a P/E ratio of 499.07, a price-to-earnings-growth ratio of 23.52 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s revenue was up 31.7% compared to the same quarter last year. On average, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

CrowdStrike 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.