CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Holdings Raised by SlateStone Wealth LLC

SlateStone Wealth LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 157.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,500 shares of the company’s stock after acquiring an additional 3,980 shares during the period. SlateStone Wealth LLC’s holdings in CrowdStrike were worth $1,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. PDS Planning Inc bought a new stake in shares of CrowdStrike during the fourth quarter valued at about $223,000. Aspire Private Capital LLC bought a new stake in CrowdStrike in the fourth quarter worth about $678,000. California Public Employees Retirement System raised its position in CrowdStrike by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 390,531 shares of the company’s stock worth $99,710,000 after acquiring an additional 4,780 shares in the last quarter. RWA Wealth Partners LLC bought a new stake in CrowdStrike in the fourth quarter worth about $232,000. Finally, Jennison Associates LLC raised its position in CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after acquiring an additional 1,581,796 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CRWD shares. BMO Capital Markets lifted their price target on CrowdStrike from $332.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. UBS Group boosted their price target on CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Truist Financial boosted their price target on CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Piper Sandler boosted their target price on CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, Canaccord Genuity Group upped their price target on CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Stock Performance

Shares of CRWD traded up $2.65 on Wednesday, reaching $302.30. 220,851 shares of the company’s stock traded hands, compared to its average volume of 3,548,663. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $316.62 and its two-hundred day simple moving average is $266.85. CrowdStrike Holdings, Inc. has a 52-week low of $115.67 and a 52-week high of $365.00. The stock has a market cap of $73.12 billion, a PE ratio of 832.38, a PEG ratio of 11.56 and a beta of 1.05.

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

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated 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 transaction, the insider now owns 208,961 shares in the company, valued at $64,525,067.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $316.82, for a total value of $4,752,300.00. Following the completion of the transaction, the director now owns 839,234 shares in the company, valued at approximately $265,886,115.88. The disclosure for this sale can be found here. Insiders sold 223,544 shares of company stock valued at $72,113,932 over the last three months. Company insiders own 5.68% of the company’s stock.

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.