McGlone Suttner Wealth Management Inc. Invests $36,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

McGlone Suttner Wealth Management Inc. purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 141 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Traynor Capital Management Inc. lifted its position in shares of CrowdStrike by 14.8% in the 4th quarter. Traynor Capital Management Inc. now owns 37,021 shares of the company’s stock worth $9,452,000 after purchasing an additional 4,768 shares during the period. SeaCrest Wealth Management LLC lifted its position in shares of CrowdStrike by 119.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 4,975 shares of the company’s stock worth $1,231,000 after purchasing an additional 2,711 shares during the period. Ritholtz Wealth Management acquired a new position in shares of CrowdStrike in the 4th quarter worth approximately $265,000. Procyon Advisors LLC acquired a new position in shares of CrowdStrike in the 4th quarter worth approximately $343,000. Finally, IFG Advisory LLC lifted its position in shares of CrowdStrike by 234.5% during the 4th quarter. IFG Advisory LLC now owns 7,400 shares of the company’s stock valued at $1,889,000 after acquiring an additional 5,188 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the sale, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Sameer K. Gandhi sold 15,000 shares of the 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 sale, the director now directly owns 846,799 shares of the company’s stock, valued at $203,341,843.87. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 completion of the sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The disclosure for this sale can be found here. Insiders have sold a total of 237,667 shares of company stock valued at $72,822,280 over the last three months. 5.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 target price on shares of CrowdStrike in a research report on Thursday, March 14th. Morgan Stanley boosted their target price on shares of CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. BMO Capital Markets boosted their target price on shares of CrowdStrike from $332.00 to $425.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Stifel Nicolaus boosted their target price on shares of CrowdStrike from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada boosted their target price 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. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.29.

Check Out Our Latest Stock Report on CrowdStrike

CrowdStrike Price Performance

CRWD opened at $320.59 on Friday. The firm has a market cap of $77.54 billion, a P/E ratio of 890.55, a PEG ratio of 12.82 and a beta of 1.06. The firm has a 50-day moving average of $316.43 and a 200 day moving average of $248.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. CrowdStrike Holdings, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $365.00.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. The business had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

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.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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