BlackRock Amends CrowdStrike Stake, Signals Ownership Change

TL;DR

**BlackRock updated its CrowdStrike stake, watch for market reaction.**

AI Summary

BlackRock, Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership in CrowdStrike Holdings, Inc. as of December 31, 2023. This amendment, the third for BlackRock, indicates a change in their beneficial ownership of CrowdStrike's Common Stock. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors' decisions.

Why It Matters

Large institutional ownership changes can influence stock price and investor sentiment, as BlackRock's moves are often watched closely by the market.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present a high risk.

Analyst Insight

Investors should monitor subsequent BlackRock filings for further changes in their CrowdStrike stake, as well as CrowdStrike's upcoming earnings reports for fundamental performance insights.

Key Players & Entities

• BlackRock, Inc. (company) — the reporting person filing the SC 13G/A
• CrowdStrike Holdings, Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 26, 2024 (date) — the filing date of the SC 13G/A
• 22788C105 (other) — the CUSIP number for CrowdStrike Holdings, Inc. Common Stock

Forward-Looking Statements

• BlackRock's continued significant ownership in CrowdStrike suggests a long-term positive outlook on the cybersecurity sector. (CrowdStrike Holdings, Inc.) — medium confidence, target: 2025-12-31

FAQ

From the Filing

0001086364-24-004351.txt : 20240126 0001086364-24-004351.hdr.sgml : 20240126 20240126114943 ACCESSION NUMBER: 0001086364-24-004351 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CrowdStrike Holdings, Inc. CENTRAL INDEX KEY: 0001535527 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 453788918 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91040 FILM NUMBER: 24565856 BUSINESS ADDRESS: STREET 1: 206 E. 9TH STREET STREET 2: SUITE 1400 CITY: AUSTIN STATE: TX ZIP: 78701 BUSINESS PHONE: 888-512-8906 MAIL ADDRESS: STREET 1: 206 E. 9TH STREET STREET 2: SUITE 1400 CITY: AUSTIN STATE: TX ZIP: 78701 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us22788c1053_012624.txt us22788c1053_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) CrowdStrike Holdings, Inc. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 22788C105 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 22788C105 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 15535839 (6) Shared voting power 0 (7) Sole dispositive power 16954069 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 16954069 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- CrowdStrike Holdings, Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 206 E. 9TH STREETSUITE 1400 AUSTIN TX 78701 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if