Mackenzie Financial Corp Has $10.17 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mackenzie Financial Corp boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,811 shares of the company’s stock after buying an additional 931 shares during the period. Mackenzie Financial Corp’s holdings in CrowdStrike were worth $10,165,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CRWD. Fairfield Bush & CO. bought a new position in shares of CrowdStrike in the first quarter worth about $654,000. MetLife Investment Management LLC bought a new position in shares of CrowdStrike in the first quarter worth about $2,930,000. Yousif Capital Management LLC lifted its holdings in shares of CrowdStrike by 4.3% in the first quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock worth $666,000 after acquiring an additional 120 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of CrowdStrike by 37.3% in the first quarter. Raymond James Trust N.A. now owns 2,830 shares of the company’s stock worth $643,000 after acquiring an additional 769 shares during the last quarter. Finally, Synovus Financial Corp lifted its holdings in shares of CrowdStrike by 14.4% in the first quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock worth $658,000 after acquiring an additional 369 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $282.64 on Friday. The company has a market cap of $68.36 billion, a price-to-earnings ratio of 785.13, a price-to-earnings-growth ratio of 11.75 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 52 week low of $115.67 and a 52 week high of $365.00. 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 50 day moving average of $317.72 and a 200-day moving average of $263.70.

CrowdStrike (NASDAQ:CRWD) last announced 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. The company had revenue of $845.34 million during 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, equities analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 14,815 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total value of $4,827,467.75. Following the completion of the sale, the insider now owns 235,850 shares of the company’s stock, valued at approximately $76,851,722.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Shawn Henry sold 14,815 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total value of $4,827,467.75. Following the completion of the sale, the insider now owns 235,850 shares of the company’s stock, valued at approximately $76,851,722.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the transaction, the chief accounting officer now owns 36,136 shares in the company, valued at $11,773,108.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on CRWD. Needham & Company LLC increased their target price on shares of CrowdStrike from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Wells Fargo & Company raised their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Oppenheimer raised their price objective on shares of CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. HSBC raised their price objective on shares of CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Truist Financial raised their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. One investment 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, the company has an average rating of “Moderate Buy” and an average price target of $371.87.

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.