Pacer Advisors Inc. Has $4.45 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pacer Advisors Inc. lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 30.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,418 shares of the company’s stock after purchasing an additional 4,064 shares during the quarter. Pacer Advisors Inc.’s holdings in CrowdStrike were worth $4,447,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. HBW Advisory Services LLC acquired a new position in shares of CrowdStrike in the fourth quarter valued at $365,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of CrowdStrike by 16.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 123,465 shares of the company’s stock valued at $31,523,000 after purchasing an additional 17,363 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of CrowdStrike in the fourth quarter valued at $26,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of CrowdStrike in the fourth quarter valued at $1,228,000. Finally, Salem Investment Counselors Inc. raised its stake in shares of CrowdStrike by 0.4% in the fourth quarter. Salem Investment Counselors Inc. now owns 28,056 shares of the company’s stock valued at $7,163,000 after purchasing an additional 104 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $240.13, for a total transaction of $3,601,950.00. Following the transaction, the director now owns 846,799 shares in the company, valued at $203,341,843.87. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CAO Anurag Saha sold 1,786 shares of CrowdStrike stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the transaction, the chief accounting officer now owns 34,350 shares in the company, valued at approximately $11,387,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $240.13, for a total value of $3,601,950.00. Following the transaction, the director now owns 846,799 shares in the company, valued at approximately $203,341,843.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 237,667 shares of company stock worth $72,822,280. Insiders own 5.68% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD opened at $320.59 on Friday. 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 1 year low of $115.67 and a 1 year high of $365.00. The stock has a market cap of $77.54 billion, a P/E ratio of 890.55, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06. The stock’s 50-day moving average price is $315.08 and its two-hundred day moving average price is $247.33.

CrowdStrike (NASDAQ:CRWDGet Free Report) last issued its 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. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The firm had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. On average, equities analysts predict that CrowdStrike Holdings, Inc. will post 1.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CRWD shares. HSBC upped their target price on CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Barclays upped their price target on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Piper Sandler upped their price target on CrowdStrike from $300.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Wells Fargo & Company upped their price target on CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Finally, Oppenheimer upped their price target on CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” 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 given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.29.

Check Out Our Latest Research Report on CrowdStrike

About CrowdStrike

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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