Financial Counselors Inc. Grows Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Financial Counselors Inc. boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,346 shares of the company’s stock after purchasing an additional 50 shares during the period. Financial Counselors Inc.’s holdings in CrowdStrike were worth $344,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of 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 worth $2,463,451,000 after buying an additional 150,898 shares in the last quarter. BlackRock Inc. increased its position in CrowdStrike by 1.9% during the first quarter. BlackRock Inc. now owns 13,668,541 shares of the company’s stock worth $1,876,144,000 after buying an additional 255,625 shares in the last quarter. Morgan Stanley increased its position in CrowdStrike by 124.4% during the third 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 in the last quarter. State Street Corp increased its position in CrowdStrike by 3.0% during the first quarter. State Street Corp now owns 4,322,377 shares of the company’s stock worth $593,280,000 after buying an additional 127,620 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in CrowdStrike by 62.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock worth $396,019,000 after buying an additional 1,440,905 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 2.8 %

Shares of CrowdStrike stock opened at $309.05 on Friday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The firm has a market cap of $74.75 billion, a P/E ratio of 858.50, a P/E/G ratio of 12.71 and a beta of 1.05. CrowdStrike Holdings, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $365.00. The business has a 50-day moving average price of $319.83 and a 200 day moving average price of $259.92.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. On average, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Thursday, March 14th. Wells Fargo & Company raised their price objective on CrowdStrike from $315.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Needham & Company LLC raised their price objective on CrowdStrike from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Jefferies Financial Group raised their price objective on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Susquehanna raised their price objective on CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a report on Thursday, March 7th. 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, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $373.29.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 22,123 shares of CrowdStrike stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $286.00, for a total value of $6,327,178.00. Following the completion of the transaction, the president now directly owns 311,872 shares in the company, valued at $89,195,392. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Anurag Saha sold 1,786 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the transaction, the chief accounting officer now directly owns 34,350 shares in the company, valued at $11,387,712. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Michael Sentonas sold 22,123 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $286.00, for a total value of $6,327,178.00. Following the transaction, the president now owns 311,872 shares of the company’s stock, valued at $89,195,392. The disclosure for this sale can be found here. Insiders sold a total of 241,667 shares of company stock worth $77,205,950 over the last ninety days. Company insiders own 5.68% of the company’s stock.

About CrowdStrike

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.