CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by abrdn plc

abrdn plc lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 104.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,410 shares of the company’s stock after purchasing an additional 38,007 shares during the quarter. abrdn plc’s holdings in CrowdStrike were worth $18,998,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CRWD. J.W. Cole Advisors Inc. grew its holdings in shares of CrowdStrike by 17.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 5,021 shares of the company’s stock worth $1,282,000 after buying an additional 761 shares during the last quarter. Greenleaf Trust purchased a new position in shares of CrowdStrike in the 4th quarter valued at approximately $223,000. RIA Advisory Group LLC acquired a new position in shares of CrowdStrike in the fourth quarter valued at approximately $211,000. Martin Capital Advisors LLP purchased a new stake in shares of CrowdStrike during the fourth quarter worth approximately $277,000. Finally, Knights of Columbus Asset Advisors LLC lifted its holdings in shares of CrowdStrike by 1.7% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 11,729 shares of the company’s stock worth $2,995,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of analyst reports. JMP Securities upped their price objective on shares of CrowdStrike from $330.00 to $400.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 6th. Royal Bank of Canada raised their price objective 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. UBS Group boosted their target price on CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Morgan Stanley raised their price target on CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Wednesday, January 17th. One 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, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Stock Performance

CrowdStrike stock opened at $297.62 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $315.88 and a 200-day moving average of $267.07. The stock has a market cap of $71.99 billion, a P/E ratio of 826.75, a price-to-earnings-growth ratio of 11.56 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.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share 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 analyst estimates of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. On average, analysts expect that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the sale, the insider now owns 208,961 shares in the company, valued at $64,525,067.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is currently owned by corporate insiders.

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.