Mizuho Securities Co. Ltd. Trims Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mizuho Securities Co. Ltd. reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the company’s stock after selling 1,300 shares during the quarter. CrowdStrike accounts for approximately 4.6% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 6th largest holding. Mizuho Securities Co. Ltd.’s holdings in CrowdStrike were worth $1,277,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of CrowdStrike by 1.0% in the third quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock worth $2,463,451,000 after purchasing an additional 150,898 shares during the last quarter. Jennison Associates LLC grew its stake in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after purchasing an additional 1,581,796 shares during the last quarter. Morgan Stanley grew its stake in shares of CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after purchasing an additional 2,757,251 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of CrowdStrike by 17.9% in the third quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after purchasing an additional 419,619 shares during the last quarter. Finally, FMR LLC grew its stake in shares of CrowdStrike by 8.6% in the third quarter. FMR LLC now owns 1,864,511 shares of the company’s stock worth $312,082,000 after purchasing an additional 147,757 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

CRWD stock traded up $10.50 during trading on Tuesday, reaching $299.65. The stock had a trading volume of 2,587,367 shares, compared to its average volume of 3,591,247. The firm has a market cap of $72.48 billion, a PE ratio of 832.38, a PEG ratio of 11.30 and a beta of 1.05. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $316.62 and its two-hundred day moving average is $266.85. CrowdStrike Holdings, Inc. has a 52 week low of $115.67 and a 52 week high of $365.00.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The company had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Activity

In other news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 14,815 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at approximately $76,851,722.50. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock valued at $72,113,932 in the last 90 days. Company insiders own 5.68% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CRWD shares. DA Davidson raised their target price on CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Wells Fargo & Company lifted their price objective on CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Oppenheimer lifted their price objective on CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Morgan Stanley lifted their price objective on CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. Finally, Citigroup lifted their price objective on CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $371.87.

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.