47,125 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by ING Groep NV

ING Groep NV acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 47,125 shares of the company’s stock, valued at approximately $13,217,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after buying an additional 315,280 shares during the last quarter. Legal & General Group Plc lifted its position in CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after acquiring an additional 60,607 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after purchasing an additional 77,100 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after purchasing an additional 564,662 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of CrowdStrike by 0.9% in the second 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 in the last quarter. Institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the sale, the director now owns 816,730 shares in the company, valued at $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,248 shares of company stock valued at $31,103,350 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of a number of recent analyst reports. Sanford C. Bernstein dropped their price target on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. JMP Securities reissued a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research report on Monday, November 4th. Robert W. Baird reduced their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Truist Financial reiterated a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a report on Wednesday, August 28th. Finally, Oppenheimer decreased their target price on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. One investment 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Price Performance

CRWD 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 market capitalization of $84.41 billion, a P/E ratio of 499.07, a PEG ratio of 23.52 and a beta of 1.10. The stock has a 50-day moving average price of $294.23 and a 200-day moving average price of $309.66. CrowdStrike Holdings, Inc. has a 12-month low of $198.86 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. Equities analysts predict 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.