Webster Bank N. A. Grows Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Webster Bank N. A. raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 2,030.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 639 shares of the company’s stock after buying an additional 609 shares during the quarter. Webster Bank N. A.’s holdings in CrowdStrike were worth $205,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. CHURCHILL MANAGEMENT Corp acquired a new stake in CrowdStrike in the 4th quarter worth approximately $1,228,000. Financial Counselors Inc. lifted its stake in shares of CrowdStrike by 3.9% during the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after buying an additional 50 shares during the period. Ferguson Wellman Capital Management Inc. grew its holdings in shares of CrowdStrike by 17.1% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock valued at $40,647,000 after buying an additional 23,265 shares during the last quarter. Highland Capital Management LLC increased its position in shares of CrowdStrike by 0.6% in the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock valued at $8,286,000 after acquiring an additional 181 shares during the period. Finally, Sara Bay Financial acquired a new position in shares of CrowdStrike in the 4th quarter valued at $255,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $383.19 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The stock’s fifty day moving average is $341.55 and its two-hundred day moving average is $313.93. The firm has a market capitalization of $93.25 billion, a P/E ratio of 723.01, a price-to-earnings-growth ratio of 19.52 and a beta of 1.08. CrowdStrike Holdings, Inc. has a fifty-two week low of $139.37 and a fifty-two week high of $394.64.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The firm had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. On average, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $425.00 price target on shares of CrowdStrike in a research note on Wednesday, June 5th. Wedbush dropped their target price on CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 5th. Guggenheim reiterated a “buy” rating and issued a $424.00 price target on shares of CrowdStrike in a report on Tuesday, June 25th. TD Cowen lifted their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Canaccord Genuity Group increased their price objective on shares of CrowdStrike from $400.00 to $405.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. One research analyst has rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $380.62.

Check Out Our Latest Report on CrowdStrike

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the sale, the insider now owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The disclosure for this sale can be found here. Insiders sold 283,675 shares of company stock worth $95,985,272 in the last 90 days. Insiders own 4.34% of the company’s stock.

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.

See Also

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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