Bailard Inc. Purchases 225 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bailard Inc. increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,040 shares of the company’s stock after acquiring an additional 225 shares during the period. Bailard Inc.’s holdings in CrowdStrike were worth $4,606,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. lifted its holdings in CrowdStrike by 2.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock valued at $934,000 after purchasing an additional 141 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in shares of CrowdStrike during the fourth quarter worth about $1,228,000. Financial Counselors Inc. raised its stake in CrowdStrike by 3.9% in the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after purchasing an additional 50 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in CrowdStrike by 17.1% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after buying an additional 23,265 shares in the last quarter. Finally, Highland Capital Management LLC raised its position in shares of CrowdStrike by 0.6% during the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock valued at $8,286,000 after buying an additional 181 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Robert W. Baird increased their price objective on CrowdStrike from $281.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. BTIG Research upped their price target on shares of CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Sanford C. Bernstein started coverage on shares of CrowdStrike in a research note on Thursday, January 18th. They set an “outperform” rating and a $334.00 price objective for the company. 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. Finally, JMP Securities increased their price objective on CrowdStrike from $330.00 to $400.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Stock Performance

CRWD stock traded up $0.52 during trading on Thursday, reaching $298.14. 1,391,255 shares of the company’s stock were exchanged, compared to its average volume of 3,539,249. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year 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 company’s fifty day moving average price is $315.88 and its 200-day moving average price is $267.07. The firm has a market cap of $72.11 billion, a PE ratio of 824.92, a P/E/G ratio of 11.98 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share 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 for the quarter, compared to analyst estimates of $839.08 million. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity

In related news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value of $25,514,982.40. Following the sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is owned by company insiders.

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.