Alphabet Inc, owns 31% of Crowdstrike!!!

ALPHABET INC REPORTS 31.1% PASSIVE STAKE IN CROWDSTRIKE HOLDINGS AS OF DEC 31, 2019 - SEC FILING Source text

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Looks like their investment arm has held a stake since 2015 when CRWD had a private valuation of 700M.

https://www.cnbc.com/2019/06/12/alphabet-stake-in-2019-ipo-c…

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Here is the filing by Alphabet with the SEC:

https://www.sec.gov/Archives/edgar/data/1535527/000119312520…

They only owned about 8.3m shares as of 12/31/2019.

There were 204m shares outstanding as of 10/31/2019.

So Google owns about 4% of CRWD.

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Read further down the SEC filing to find Alphabets information of 18.4m shares and 31% stake.
There were 40.8m shares outstanding.

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While I don’t dispute it’s possible that alphabet may have upped its stake, there are a lot more than 40 million shares outstanding. There are roughly 205 million shares outstanding.

Make sure you’re not just looking at shares outstanding of a certain class of shares.

Goog has been an investor since crowds early days.

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When Crowdstrike went public, Google owned 20.28M shares. See page 171 of prospectus:

https://www.sec.gov/Archives/edgar/data/1535527/000119312520…

Today, they own 18.4 million shares. That’s still a huge percentage, but it hasn’t gone up since the IPO. The definitions in the third footnote of the release are maddeningly confusing.

Bottom line: Alphabet believes in CRWD. But they also haven’t upped their position in the last six months that we can tell.

Brian

Long GOOG, GOOGL, CRWD

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Today, they own 18.4 million shares. That’s still a huge percentage, but it hasn’t gone up since the IPO. The definitions in the third footnote of the release are maddeningly confusing.

18.4 / 204 = 9%

Outstanding shares as of 10/31/2019 was 204.096 so it’s probably closer to 205 on 12/31/2019.

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Google’s large stake in them has to be the best endorsement, right? Or so I rationalized when I bought crwd stocks last year

Below is an interesting article that highlights goggles
investments in technology. Wish I had more time to look into all of their investments

https://seekingalpha.com/article/4315396-berkshire-hathaway-…

Interestingly, google invested in another cyber security company,
Snyk. It is rumored that they will soon ipo.

https://www.google.com/amp/s/venturebeat.com/2020/01/21/snyk…

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Google’s large stake in them has to be the best endorsement, right?

… Until it’s not. Google has a horrendous history of acquisition/dumping. Heard of “Nest”?

🆁🅶🅱
How do you fix a stuck Caps Lock key?
https://www.quora.com/How-do-you-fix-a-stuck-Caps-Lock-key

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On the NASDAQ site, the latest CRWD Form 4 relating to Alphabet is dated 2/6/2020, Thursday of this week.

https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=13…

It shows two quantities (4,549,004 and 8,133,626) of class B, and 140,000 of class A, for a total of 12,822,630 shares. Using the NASDAQ closing price ($62.09)) and market cap (12,762,281,040), the outstanding shares comes to 205,544,871. On that basis the Alphabet holdings of CRWD comes to 6.24%.

(There was another Form 4 relating to Alphabet dated 1/24/2020; those numbers balanced with the Form 4 referenced above.)

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