Thompson Davis & CO. Inc. Purchases New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Thompson Davis & CO. Inc. bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, Holdings Channel reports. The institutional investor bought 3,960 shares of the company’s stock, valued at approximately $1,011,000. CrowdStrike makes up 0.9% of Thompson Davis & CO. Inc.’s holdings, making the stock its 13th largest position.

Several other hedge funds have also recently bought and sold shares of CRWD. Vanguard Group Inc. grew its stake in shares of CrowdStrike by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock worth $2,463,451,000 after acquiring an additional 150,898 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares in the last quarter. Morgan Stanley lifted its holdings in shares of CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after buying an additional 2,757,251 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of CrowdStrike by 17.9% during the third quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after buying an additional 419,619 shares in the last quarter. Finally, FMR LLC raised its stake in CrowdStrike by 8.6% in the third quarter. FMR LLC now owns 1,864,511 shares of the company’s stock valued at $312,082,000 after purchasing an additional 147,757 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the transaction, the insider now owns 208,961 shares in the company, valued at approximately $64,525,067.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the firm’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 completion of the transaction, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is owned by company insiders.

CrowdStrike Stock Performance

NASDAQ:CRWD traded down $11.50 during trading on Tuesday, reaching $292.54. The company’s stock had a trading volume of 1,923,545 shares, compared to its average volume of 3,489,564. The firm has a market cap of $70.76 billion, a price-to-earnings ratio of 812.63, a price-to-earnings-growth ratio of 12.16 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a 50 day moving average of $313.58 and a 200-day moving average of $270.86. CrowdStrike Holdings, Inc. has a 12 month low of $115.67 and a 12 month 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, beating analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. Research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of analyst reports. Guggenheim boosted their price target on CrowdStrike from $358.00 to $424.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Barclays upped their target price on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Mizuho upped their target price on CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Citigroup boosted their price target on CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, Wells Fargo & Company boosted their price target on CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $371.87.

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.