Private Advisor Group LLC Acquires 1,506 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Private Advisor Group LLC grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,732 shares of the company’s stock after purchasing an additional 1,506 shares during the period. Private Advisor Group LLC’s holdings in CrowdStrike were worth $5,804,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CRWD. Vanguard Group Inc. increased its position in CrowdStrike by 1.0% during the third quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock valued at $2,463,451,000 after acquiring an additional 150,898 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of 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 buying an additional 1,581,796 shares during the last quarter. Morgan Stanley increased its holdings in CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after buying an additional 2,757,251 shares during the last quarter. Ameriprise Financial Inc. raised its position in CrowdStrike by 17.9% in the third quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after acquiring an additional 419,619 shares during the period. Finally, FMR LLC increased its stake in shares of CrowdStrike by 8.6% in the 3rd quarter. FMR LLC now owns 1,864,511 shares of the company’s stock worth $312,082,000 after purchasing an additional 147,757 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JMP Securities upped their price target on CrowdStrike from $330.00 to $400.00 and gave the stock a “market outperform” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. raised their price objective on CrowdStrike from $350.00 to $371.00 and gave the company 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. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Wednesday, January 17th. Finally, Guggenheim upped their price target on shares of CrowdStrike from $358.00 to $424.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $371.87.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 18,747 shares of the 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 directly owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO George Kurtz sold 78,080 shares of the stock in a transaction on Thursday, March 21st. The shares were 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 directly owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 18,747 shares of the company’s stock in a transaction on 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 completion of the transaction, the president now owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 295,576 shares of company stock valued at $94,052,850. 5.68% of the stock is currently owned by company insiders.

CrowdStrike Stock Up 0.4 %

Shares of NASDAQ CRWD opened at $313.76 on Thursday. CrowdStrike Holdings, Inc. has a 1 year low of $129.16 and a 1 year high of $365.00. The company has a market capitalization of $75.89 billion, a P/E ratio of 871.58, a P/E/G ratio of 12.41 and a beta of 1.08. The company has a 50 day simple moving average of $313.23 and a 200-day simple moving average of $275.18. 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 (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The firm had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

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.