Nations Financial Group Inc. IA ADV Boosts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Nations Financial Group Inc. IA ADV grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 102.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,710 shares of the company’s stock after buying an additional 2,895 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in CrowdStrike were worth $1,458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cigna Investments Inc. New lifted its holdings in shares of CrowdStrike by 1.7% during the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock valued at $592,000 after purchasing an additional 38 shares in the last quarter. Fagan Associates Inc. lifted its holdings in CrowdStrike by 0.5% in the fourth quarter. Fagan Associates Inc. now owns 9,650 shares of the company’s stock valued at $2,464,000 after acquiring an additional 45 shares during the period. Quent Capital LLC lifted its holdings in CrowdStrike by 48.5% in the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock valued at $38,000 after acquiring an additional 48 shares during the period. Advisory Resource Group lifted its holdings in CrowdStrike by 0.7% in the third quarter. Advisory Resource Group now owns 6,670 shares of the company’s stock valued at $1,116,000 after acquiring an additional 49 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in CrowdStrike by 23.9% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 254 shares of the company’s stock valued at $65,000 after acquiring an additional 49 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRWD has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on CrowdStrike from $350.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Robert W. Baird upped their price target on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. TD Cowen upped their price target on CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Susquehanna upped their price target on CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. Finally, Needham & Company LLC upped their price target on CrowdStrike from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $371.87.

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 18,747 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the transaction, the president now owns 382,958 shares of the company’s stock, valued at $124,767,716.40. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $325.80, for a total value of $6,107,772.60. Following the sale, the president now owns 382,958 shares in the company, valued at $124,767,716.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 14,815 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the transaction, the insider now owns 235,850 shares in the company, valued at approximately $76,851,722.50. The disclosure for this sale can be found here. Insiders sold a total of 317,000 shares of company stock valued at $101,229,160 in the last ninety days. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CRWD stock traded up $9.12 on Friday, reaching $351.47. The company had a trading volume of 2,669,970 shares, compared to its average volume of 2,452,240. CrowdStrike Holdings, Inc. has a 1 year low of $139.37 and a 1 year high of $365.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The company’s fifty day moving average is $317.04 and its 200 day moving average is $288.68. The company has a market cap of $85.01 billion, a P/E ratio of 976.33, a PEG ratio of 13.69 and a beta of 1.08.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results 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. The company had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current 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.