CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Position Decreased by Blodgett Wealth Advisors LLC

Blodgett Wealth Advisors LLC cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.8% in the 4th quarter, Holdings Channel reports. The firm owned 2,942 shares of the company’s stock after selling 85 shares during the quarter. CrowdStrike comprises approximately 0.8% of Blodgett Wealth Advisors LLC’s holdings, making the stock its 23rd biggest position. Blodgett Wealth Advisors LLC’s holdings in CrowdStrike were worth $751,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Cigna Investments Inc. New increased its stake in shares of CrowdStrike by 1.7% during the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after purchasing an additional 38 shares during the last quarter. Quent Capital LLC boosted its stake in shares of CrowdStrike by 48.5% during the 4th quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after acquiring an additional 48 shares in the last quarter. Advisory Resource Group boosted its holdings in shares of CrowdStrike by 0.7% during the 3rd quarter. Advisory Resource Group now owns 6,670 shares of the company’s stock worth $1,116,000 after buying an additional 49 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in CrowdStrike by 23.9% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 254 shares of the company’s stock valued at $65,000 after purchasing an additional 49 shares during the period. Finally, Modus Advisors LLC grew its holdings in CrowdStrike by 1.7% in the 4th quarter. Modus Advisors LLC now owns 2,950 shares of the company’s stock valued at $753,000 after buying an additional 50 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 2.0 %

CRWD traded up $6.05 during trading on Friday, hitting $304.07. The company had a trading volume of 2,007,839 shares, compared to its average volume of 2,018,688. The firm’s 50-day moving average price is $314.71 and its 200 day moving average price is $268.13. The company has a market capitalization of $73.55 billion, a PE ratio of 844.66, a PEG ratio of 11.92 and a beta of 1.05. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a one year low of $115.67 and a one year high of $365.00.

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

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other CrowdStrike news, President Michael Sentonas sold 18,747 shares of the firm’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 $6,107,772.60. Following the completion of the transaction, the president now directly owns 382,958 shares in the company, valued at $124,767,716.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now owns 208,961 shares in the company, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock valued at $72,113,932 in the last quarter. 5.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CRWD has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on CrowdStrike from $350.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Royal Bank of Canada increased their price target on shares of CrowdStrike from $357.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Barclays upped their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Morgan Stanley lifted their target price on CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. Finally, JMP Securities upped their price target on CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $371.87.

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.