Opinicus Capital Inc. Invests $479,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Opinicus Capital Inc. purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,877 shares of the company’s stock, valued at approximately $479,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. increased its holdings in CrowdStrike by 2.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock valued at $934,000 after purchasing an additional 141 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in CrowdStrike in the 4th quarter valued at approximately $1,228,000. Financial Counselors Inc. boosted its position in CrowdStrike by 3.9% in the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after buying an additional 50 shares during the period. Ferguson Wellman Capital Management Inc. boosted its position in CrowdStrike by 17.1% in the 4th 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 period. Finally, Highland Capital Management LLC boosted its position in 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 buying an additional 181 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $11,773,108.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Shawn Henry sold 14,815 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $76,851,722.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders have sold a total of 223,544 shares of company stock worth $72,113,932 over the last ninety days. 5.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRWD. Truist Financial raised their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Evercore ISI lifted their price objective on shares of CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Wednesday, April 17th. HSBC lifted their price objective on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Morgan Stanley lifted their price objective on shares of CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded up $6.05 on Friday, reaching $304.07. 2,007,839 shares of the stock were exchanged, compared to its average volume of 2,018,688. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. 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 business has a fifty day moving average price of $314.71 and a two-hundred day moving average price of $268.13. The firm has a market capitalization of $73.55 billion, a PE ratio of 844.66, a PEG ratio of 11.92 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $839.08 million. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

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.