Commonwealth Equity Services LLC Purchases 27,845 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Commonwealth Equity Services LLC lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 21.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,825 shares of the company’s stock after acquiring an additional 27,845 shares during the period. Commonwealth Equity Services LLC owned approximately 0.06% of CrowdStrike worth $39,530,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

CRWD has been the subject of several recent research reports. Oppenheimer boosted their price objective on CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Piper Sandler upped their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Sanford C. Bernstein assumed coverage on shares of CrowdStrike in a report on Thursday, January 18th. They set an “outperform” rating and a $334.00 price objective for the company. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Wednesday, January 17th. Finally, BMO Capital Markets lifted their price target on CrowdStrike from $332.00 to $425.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Trading Up 2.2 %

NASDAQ:CRWD opened at $310.21 on Friday. The company has a 50-day moving average price of $313.47 and a 200-day moving average price of $272.11. The stock has a market cap of $75.03 billion, a price-to-earnings ratio of 861.72, a P/E/G ratio of 12.41 and a beta of 1.08. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a 12 month low of $117.45 and a 12 month high of $365.00.

CrowdStrike (NASDAQ:CRWD) last posted 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 return on equity of 6.09% and a net margin of 2.92%. The business had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. Equities analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the transaction, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders have sold a total of 223,544 shares of company stock valued at $72,113,932 over the last ninety days. Company insiders own 5.68% of the company’s stock.

CrowdStrike 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.