Evoke Wealth LLC Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Evoke Wealth LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,283 shares of the company’s stock after buying an additional 53 shares during the period. Evoke Wealth LLC’s holdings in CrowdStrike were worth $328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Claret Asset Management Corp purchased a new position in CrowdStrike in the 4th quarter valued at about $276,000. Treasurer of the State of North Carolina boosted its position in CrowdStrike by 2.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 97,544 shares of the company’s stock valued at $24,905,000 after buying an additional 2,270 shares during the last quarter. Fiduciary Trust Co boosted its position in CrowdStrike by 0.8% in the 4th quarter. Fiduciary Trust Co now owns 7,985 shares of the company’s stock valued at $2,039,000 after buying an additional 60 shares during the last quarter. Olympiad Research LP purchased a new position in CrowdStrike in the 4th quarter valued at about $306,000. Finally, Focus Financial Network Inc. ADV bought a new position in shares of CrowdStrike during the fourth quarter worth about $815,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

CRWD opened at $313.67 on Monday. CrowdStrike Holdings, Inc. has a 12-month low of $139.37 and a 12-month 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 market capitalization of $75.87 billion, a P/E ratio of 871.31, a PEG ratio of 12.55 and a beta of 1.08. The stock has a fifty day moving average of $318.07 and a 200-day moving average of $294.11.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its earnings results 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. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The company had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CRWD shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Wednesday, April 17th. The Goldman Sachs Group increased their price target on shares of CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Susquehanna increased their price target on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. Macquarie reiterated an “outperform” rating and set a $370.00 price objective on shares of CrowdStrike in a research note on Tuesday, March 19th. Finally, JMP Securities reiterated a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Tuesday, May 14th. One investment 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 stock has a consensus rating of “Moderate Buy” and an average target price of $373.95.

Read Our Latest Stock Analysis on CRWD

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other CrowdStrike news, CFO Burt W. Podbere sold 26,097 shares of CrowdStrike stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.61, for a total value of $8,497,444.17. Following the completion of the sale, the chief financial officer now directly owns 347,792 shares in the company, valued at $113,244,553.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 317,000 shares of company stock worth $101,229,160. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Company Profile

(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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