Prosperity Wealth Management Inc. Has $882,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Prosperity Wealth Management Inc. trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,454 shares of the company’s stock after selling 216 shares during the period. CrowdStrike comprises 0.6% of Prosperity Wealth Management Inc.’s holdings, making the stock its 27th largest position. Prosperity Wealth Management Inc.’s holdings in CrowdStrike were worth $882,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in CrowdStrike by 1.0% during the third quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock valued at $2,463,451,000 after purchasing an additional 150,898 shares during the last quarter. BlackRock Inc. raised its stake in shares of CrowdStrike by 1.9% during the 1st quarter. BlackRock Inc. now owns 13,668,541 shares of the company’s stock worth $1,876,144,000 after purchasing an additional 255,625 shares in the last quarter. Morgan Stanley boosted its holdings in shares of CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after buying an additional 2,757,251 shares during the last quarter. State Street Corp grew its stake in shares of CrowdStrike by 3.0% in the first quarter. State Street Corp now owns 4,322,377 shares of the company’s stock valued at $593,280,000 after buying an additional 127,620 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of CrowdStrike by 62.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock valued at $396,019,000 after acquiring an additional 1,440,905 shares during the period. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Piper Sandler lifted their target price on CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Raymond James began coverage on CrowdStrike in a report on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 price objective on the stock. Sanford C. Bernstein initiated coverage on CrowdStrike in a report on Thursday, January 18th. They set an “outperform” rating and a $334.00 target price for the company. BMO Capital Markets upped their price target on shares of CrowdStrike from $332.00 to $425.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Morgan Stanley raised their price target on shares of CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $373.29.

CrowdStrike Trading Down 2.1 %

NASDAQ CRWD traded down $6.24 during trading hours on Wednesday, reaching $292.91. The company’s stock had a trading volume of 964,792 shares, compared to its average volume of 3,626,724. CrowdStrike Holdings, Inc. has a 52 week low of $115.67 and a 52 week high of $365.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market cap of $70.85 billion, a P/E ratio of 822.30, a P/E/G ratio of 11.98 and a beta of 1.05. The firm has a fifty day simple moving average of $319.71 and a 200-day simple moving average of $262.47.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The firm had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Burt W. Podbere sold 64,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $316.48, for a total transaction of $20,254,720.00. Following the completion of the transaction, the chief financial officer now directly owns 306,508 shares in the company, valued at $97,003,651.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $316.82, for a total value of $4,752,300.00. Following the transaction, the director now owns 839,234 shares in the company, valued at $265,886,115.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Burt W. Podbere sold 64,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $316.48, for a total transaction of $20,254,720.00. Following the sale, the chief financial officer now directly owns 306,508 shares in the company, valued at approximately $97,003,651.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,544 shares of company stock valued at $70,878,772. 5.68% of the stock is currently owned by company insiders.

CrowdStrike Company Profile

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.