NWI Management LP Invests $4.81 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

NWI Management LP purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,000 shares of the company’s stock, valued at approximately $4,809,000. CrowdStrike accounts for about 0.1% of NWI Management LP’s portfolio, making the stock its 29th largest holding.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in CrowdStrike in the 4th quarter valued at about $683,336,000. Pathstone Holdings LLC purchased a new stake in CrowdStrike in the 4th quarter valued at about $450,418,000. Jennison Associates LLC raised its holdings in CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after buying an additional 1,581,796 shares during the period. Vanguard Group Inc. raised its holdings in CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in CrowdStrike by 22,542.6% in the 4th quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock valued at $187,481,000 after buying an additional 731,057 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the sale, the president now owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,675 shares of company stock worth $76,931,522. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Performance

NASDAQ CRWD traded up $2.01 on Friday, reaching $256.16. The stock had a trading volume of 9,584,374 shares, compared to its average volume of 10,010,274. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike Holdings, Inc. has a 12-month low of $140.52 and a 12-month high of $398.33. The business’s 50-day moving average price is $354.16 and its 200 day moving average price is $326.67. The stock has a market cap of $62.34 billion, a P/E ratio of 483.33, a price-to-earnings-growth ratio of 13.09 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The firm had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CRWD. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Mizuho dropped their target price on CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and dropped their target price for the company from $388.00 to $302.00 in a research report on Tuesday, July 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Tuesday, May 14th. Finally, Citigroup dropped their target price on CrowdStrike from $425.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $359.16.

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.