Tyche Wealth Partners LLC Purchases Shares of 851 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Tyche Wealth Partners LLC purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 851 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds have also modified their holdings of the company. Morgan Stanley raised its position 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 purchasing an additional 2,757,251 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of CrowdStrike by 1,593.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,643,904 shares of the company’s stock valued at $388,310,000 after purchasing an additional 2,487,806 shares during the last quarter. Norges Bank purchased a new position in shares of CrowdStrike in the 4th quarter valued at approximately $244,740,000. T. Rowe Price Investment Management Inc. raised 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 purchasing an additional 1,440,905 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of CrowdStrike by 69.3% in the 1st quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock valued at $524,750,000 after purchasing an additional 945,703 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research analyst reports. The Goldman Sachs Group increased their price objective on shares of CrowdStrike from $222.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Guggenheim increased their price objective on shares of CrowdStrike from $358.00 to $424.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group increased their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Evercore ISI increased their price target on shares of CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, Jefferies Financial Group increased their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $371.87.

Insider Activity

In other news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, 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 filing with the SEC, which is available at this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is currently owned by insiders.

CrowdStrike Trading Up 0.1 %

Shares of CRWD opened at $294.10 on Friday. CrowdStrike Holdings, Inc. has a 52-week low of $115.67 and a 52-week high of $365.00. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average is $318.65 and its two-hundred day moving average is $262.91. The stock has a market cap of $71.13 billion, a PE ratio of 816.97, a price-to-earnings-growth ratio of 11.75 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping 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 company had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. Research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

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.