Convergence Investment Partners LLC Purchases Shares of 1,618 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Convergence Investment Partners LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,618 shares of the company’s stock, valued at approximately $413,000.

A number of other institutional investors have also modified their holdings of the stock. DAVENPORT & Co LLC increased its holdings in shares of CrowdStrike by 42.6% during the 3rd quarter. DAVENPORT & Co LLC now owns 2,813 shares of the company’s stock valued at $471,000 after purchasing an additional 841 shares in the last quarter. Brookstone Capital Management raised its position in shares of CrowdStrike by 97.9% in the third quarter. Brookstone Capital Management now owns 38,549 shares of the company’s stock worth $7,113,000 after acquiring an additional 19,072 shares during the period. Boyd Watterson Asset Management LLC OH boosted its stake in shares of CrowdStrike by 10.7% during the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 12,687 shares of the company’s stock worth $2,124,000 after acquiring an additional 1,225 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of CrowdStrike by 2.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 126,980 shares of the company’s stock valued at $21,254,000 after acquiring an additional 3,581 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of CrowdStrike by 2.2% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,180 shares of the company’s stock valued at $9,236,000 after purchasing an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

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

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Macquarie reiterated an “outperform” rating and issued a $370.00 target price on shares of CrowdStrike in a research report on Tuesday, March 19th. Robert W. Baird raised their target price on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. KeyCorp decreased their target price on shares of CrowdStrike from $430.00 to $376.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Finally, JMP Securities raised their price target on shares of CrowdStrike from $330.00 to $400.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 6th. One 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, the company has a consensus rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Trading Up 2.0 %

NASDAQ:CRWD opened at $304.07 on Monday. The company has a market capitalization of $73.55 billion, a PE ratio of 844.66, a P/E/G ratio of 12.16 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 52-week low of $115.67 and a 52-week high of $365.00. The stock’s 50 day moving average price is $314.71 and its 200 day moving average price is $269.29. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. On average, research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS 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.