RIA Advisory Group LLC Makes New $211,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

RIA Advisory Group LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 828 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of CrowdStrike by 2.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock worth $934,000 after buying an additional 141 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new position in shares of CrowdStrike in the fourth quarter worth about $1,228,000. Financial Counselors Inc. boosted its holdings in shares of CrowdStrike by 3.9% in 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. boosted its holdings in shares of CrowdStrike by 17.1% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after buying an additional 23,265 shares during the period. Finally, Highland Capital Management LLC boosted its holdings in shares of CrowdStrike by 0.6% in the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after buying an additional 181 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CRWD. Raymond James began coverage on shares of CrowdStrike in a research report on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 price target for the company. Scotiabank increased their price target on shares of CrowdStrike from $320.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 6th. JMP Securities increased their price target 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. UBS Group increased their price target on shares of CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Citigroup raised their price objective on shares of CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.87.

Insiders Place Their Bets

In other CrowdStrike 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 transaction of $4,827,467.75. Following the sale, the insider now owns 235,850 shares in the company, valued at $76,851,722.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, President Michael Sentonas sold 18,747 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the completion of the transaction, the president now directly owns 382,958 shares of the company’s stock, valued at $124,767,716.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the insider now directly owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock worth $72,113,932 over the last 90 days. Corporate insiders own 5.68% of the company’s stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded down $11.46 during midday trading on Friday, hitting $282.64. The company had a trading volume of 3,109,787 shares, compared to its average volume of 3,618,989. The business’s 50 day simple moving average is $318.65 and its two-hundred day simple moving average is $262.91. The stock has a market cap of $68.36 billion, a PE ratio of 796.30, a P/E/G ratio of 11.75 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year 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 (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The business had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

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.