Cookson Peirce & Co. Inc. Purchases 42,222 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cookson Peirce & Co. Inc. raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 391.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,016 shares of the company’s stock after purchasing an additional 42,222 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in CrowdStrike were worth $13,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CVA Family Office LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth approximately $26,000. Bear Mountain Capital Inc. purchased a new position in shares of CrowdStrike in the fourth quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of CrowdStrike in the fourth quarter worth approximately $36,000. Quent Capital LLC boosted its holdings in shares of CrowdStrike by 48.5% in the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after buying an additional 48 shares during the last quarter. Finally, Silver Oak Securities Incorporated purchased a new position in CrowdStrike during the third quarter valued at approximately $27,000. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CRWD. Morgan Stanley boosted their target price on shares of CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. JMP Securities boosted their target price on shares of CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” rating in a research note on Wednesday, March 6th. Barclays boosted their target price on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research note 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 research report on Wednesday, March 6th. Finally, HSBC increased their price target on shares of CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $373.29.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded down $0.15 on Tuesday, hitting $299.35. The company had a trading volume of 1,119,854 shares, compared to its average volume of 3,654,759. 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 52-week low of $115.67 and a 52-week high of $365.00. The business has a 50 day moving average of $319.77 and a 200 day moving average of $261.55. The company has a market cap of $72.40 billion, a PE ratio of 832.75, a PEG ratio of 12.36 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The firm 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 anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, President Michael Sentonas sold 18,747 shares of the firm’s stock in a transaction dated 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 transaction, the president now directly owns 382,958 shares in the company, valued at approximately $124,767,716.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, President Michael Sentonas sold 18,747 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the sale, the president now directly owns 382,958 shares in the company, valued at approximately $124,767,716.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $316.82, for a total value of $4,752,300.00. Following the sale, the director now owns 839,234 shares in the company, valued at $265,886,115.88. The disclosure for this sale can be found here. Insiders have sold a total of 219,544 shares of company stock worth $70,878,772 in the last three months. 5.68% of the stock is currently owned by company insiders.

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.