Motley Fool Asset Management LLC Has $1.68 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Motley Fool Asset Management LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,587 shares of the company’s stock after acquiring an additional 494 shares during the quarter. Motley Fool Asset Management LLC’s holdings in CrowdStrike were worth $1,682,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley increased its position in CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after purchasing an additional 2,757,251 shares during the period. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after purchasing an additional 1,581,796 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of CrowdStrike by 22,542.6% during the 4th quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock valued at $187,481,000 after purchasing an additional 731,057 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of CrowdStrike by 52.3% during the 3rd quarter. Invesco Ltd. now owns 1,249,776 shares of the company’s stock valued at $209,188,000 after purchasing an additional 429,186 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of CrowdStrike by 17.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock valued at $463,482,000 after purchasing an additional 419,619 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, 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 sale, the chief accounting officer now owns 36,136 shares in the company, valued at $11,773,108.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction 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 directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock valued at $72,113,932 over the last 90 days. 5.68% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

NASDAQ CRWD traded up $6.05 during trading on Friday, reaching $304.07. The company’s stock had a trading volume of 2,004,893 shares, compared to its average volume of 3,528,025. CrowdStrike Holdings, Inc. has a one year low of $115.67 and a one year high of $365.00. The stock has a market capitalization of $73.55 billion, a PE ratio of 844.66, a P/E/G ratio of 11.90 and a beta of 1.05. The firm has a fifty day moving average of $314.71 and a 200 day moving average of $268.13. 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 (NASDAQ:CRWD) last issued its quarterly 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 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. Analysts expect that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several recent analyst reports. Piper Sandler lifted their price objective on CrowdStrike from $300.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Canaccord Genuity Group boosted their target price on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC boosted their target price on CrowdStrike from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Wedbush boosted their target price on CrowdStrike from $278.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Finally, UBS Group boosted their target price on CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One research 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Company 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.