Kestra Private Wealth Services LLC Has $6.25 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kestra Private Wealth Services LLC increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,493 shares of the company’s stock after acquiring an additional 1,032 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in CrowdStrike were worth $6,254,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Morgan Stanley grew its position in shares of CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after purchasing an additional 2,757,251 shares during the last quarter. Jennison Associates LLC increased its position in CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of CrowdStrike by 22,542.6% during the fourth quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock worth $187,481,000 after buying an additional 731,057 shares in the last quarter. Invesco Ltd. boosted its position in shares of CrowdStrike by 52.3% in the third quarter. Invesco Ltd. now owns 1,249,776 shares of the company’s stock valued at $209,188,000 after acquiring an additional 429,186 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of CrowdStrike by 17.9% in the third quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock valued at $463,482,000 after acquiring an additional 419,619 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of recent research reports. BTIG Research boosted their price objective on shares of CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. raised their price objective on CrowdStrike from $350.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Scotiabank lifted their price objective on CrowdStrike from $320.00 to $400.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 6th. HSBC increased their target price on CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Oppenheimer boosted their price target on CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. One investment 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.87.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total value of $592,094.72. Following the completion of the sale, the chief accounting officer now directly owns 34,350 shares in the company, valued at $11,387,712. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Shawn Henry sold 14,815 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.85, for a total value of $4,827,467.75. Following the completion of the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,786 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total value of $592,094.72. Following the transaction, the chief accounting officer now owns 34,350 shares in the company, valued at $11,387,712. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock worth $72,113,932 in the last quarter. Company insiders own 5.68% of the company’s stock.

CrowdStrike Trading Down 1.7 %

NASDAQ CRWD traded down $5.22 during mid-day trading on Tuesday, reaching $298.82. 732,921 shares of the stock were exchanged, compared to its average volume of 3,474,436. The stock has a market cap of $72.28 billion, a P/E ratio of 830.02, a P/E/G ratio of 12.16 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. CrowdStrike Holdings, Inc. has a one year low of $115.67 and a one year high of $365.00. The stock has a 50 day simple moving average of $314.21 and a 200-day simple moving average of $270.11.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The firm had revenue of $845.34 million during 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%. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

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.