Fortis Capital Advisors LLC Has $2.28 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fortis Capital Advisors LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 493.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,916 shares of the company’s stock after purchasing an additional 7,414 shares during the period. CrowdStrike makes up approximately 1.2% of Fortis Capital Advisors LLC’s portfolio, making the stock its 16th biggest holding. Fortis Capital Advisors LLC’s holdings in CrowdStrike were worth $2,276,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock worth $2,463,451,000 after buying an additional 150,898 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 33.2% in 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 last quarter. Morgan Stanley boosted its stake in shares of CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after buying an additional 2,757,251 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of CrowdStrike by 17.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after buying an additional 419,619 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of CrowdStrike in the 4th quarter worth approximately $683,336,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

NASDAQ:CRWD traded up $9.12 during midday trading on Friday, hitting $351.47. The company had a trading volume of 2,669,970 shares, compared to its average volume of 2,452,240. CrowdStrike Holdings, Inc. has a 52-week low of $139.37 and a 52-week high of $365.00. The stock’s fifty day moving average price is $317.04 and its 200-day moving average price is $288.68. The company has a market capitalization of $85.01 billion, a PE ratio of 976.33, a P/E/G ratio of 14.06 and a beta of 1.08. 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 posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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 business had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CRWD. Macquarie restated an “outperform” rating and issued a $370.00 target price on shares of CrowdStrike in a research note on Tuesday, March 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Wednesday, April 17th. UBS Group lifted their price target on shares of CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Canaccord Genuity Group lifted their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Raymond James initiated coverage on shares of CrowdStrike in a report on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 price target on the stock. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $371.87.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 14,815 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the completion of the sale, the insider now directly owns 235,850 shares in the company, valued at $76,851,722.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Shawn Henry sold 14,815 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the completion of the sale, the insider now directly owns 235,850 shares in the company, valued at $76,851,722.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 317,000 shares of company stock worth $101,229,160 over the last three months. Company insiders own 4.34% of the company’s stock.

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.