Mediolanum International Funds Ltd Has $22.21 Million Stake in CrowdStrike $CRWD

Mediolanum International Funds Ltd reduced its position in shares of CrowdStrike (NASDAQ:CRWD) by 16.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,471 shares of the company’s stock after selling 9,184 shares during the period. Mediolanum International Funds Ltd’s holdings in CrowdStrike were worth $22,210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Disciplined Equity Management Inc. raised its holdings in shares of CrowdStrike by 0.8% in the third quarter. Disciplined Equity Management Inc. now owns 2,405 shares of the company’s stock valued at $1,179,000 after purchasing an additional 20 shares during the last quarter. TD Private Client Wealth LLC increased its stake in CrowdStrike by 6.4% in the 3rd quarter. TD Private Client Wealth LLC now owns 334 shares of the company’s stock valued at $164,000 after buying an additional 20 shares during the last quarter. Fire Capital Management LLC lifted its position in CrowdStrike by 1.7% during the 3rd quarter. Fire Capital Management LLC now owns 1,239 shares of the company’s stock worth $608,000 after buying an additional 21 shares in the last quarter. One Wealth Management Investment & Advisory Services LLC boosted its stake in shares of CrowdStrike by 1.8% during the 3rd quarter. One Wealth Management Investment & Advisory Services LLC now owns 1,167 shares of the company’s stock worth $572,000 after buying an additional 21 shares during the last quarter. Finally, Nova Wealth Management Inc. boosted its stake in shares of CrowdStrike by 5.4% during the 3rd quarter. Nova Wealth Management Inc. now owns 428 shares of the company’s stock worth $210,000 after buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.7%

CRWD stock opened at $441.40 on Friday. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90. The business’s 50 day simple moving average is $480.04 and its 200 day simple moving average is $477.32. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $111.28 billion, a PE ratio of -350.32, a PEG ratio of 108.84 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 836 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $476.83, for a total value of $398,629.88. Following the transaction, the chief accounting officer owned 43,726 shares in the company, valued at approximately $20,849,868.58. This represents a 1.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 17,550 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $481.38, for a total transaction of $8,448,219.00. Following the completion of the transaction, the chief executive officer directly owned 2,090,532 shares in the company, valued at approximately $1,006,340,294.16. This represents a 0.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,048 shares of company stock worth $34,509,857 in the last ninety days. Insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRWD. Citigroup upped their target price on CrowdStrike from $595.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, January 12th. BTIG Research reaffirmed a “buy” rating and set a $640.00 price target on shares of CrowdStrike in a research report on Tuesday, January 13th. JPMorgan Chase & Co. upped their price objective on CrowdStrike from $500.00 to $580.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. TD Cowen reissued a “buy” rating on shares of CrowdStrike in a report on Thursday, January 8th. Finally, Berenberg Bank set a $600.00 target price on shares of CrowdStrike and gave the stock a “buy” rating in a report on Friday, January 9th. Thirty-one analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $555.21.

CrowdStrike Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.