CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Cornerstone Capital Inc.

Cornerstone Capital Inc. boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.6% in the 4th quarter, HoldingsChannel reports. The firm owned 7,535 shares of the company’s stock after purchasing an additional 260 shares during the period. Cornerstone Capital Inc.’s holdings in CrowdStrike were worth $1,924,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. raised its stake 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 acquired a new position in CrowdStrike in the 4th quarter valued at about $1,228,000. Financial Counselors Inc. raised its stake 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 purchasing an additional 50 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its stake 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 purchasing an additional 23,265 shares during the last quarter. Finally, Highland Capital Management LLC raised its stake 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 purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 14,815 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at approximately $76,851,722.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 14,815 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.85, for a total value of $4,827,467.75. Following the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction on 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 sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 223,544 shares of company stock valued at $72,113,932. Corporate insiders own 5.68% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $304.07 on Friday. The business’s 50 day moving average is $314.71 and its two-hundred day moving average is $268.72. CrowdStrike Holdings, Inc. has a 52-week low of $115.67 and a 52-week high of $365.00. The firm has a market cap of $73.55 billion, a price-to-earnings ratio of 844.66, a PEG ratio of 12.16 and a beta of 1.05. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results 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 company had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. Analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on CRWD. Susquehanna upped their price objective on shares of CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a research note on Thursday, March 7th. JMP Securities upped their price objective on shares of CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” rating in a research note on Wednesday, March 6th. Needham & Company LLC upped their price objective on shares of CrowdStrike from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Truist Financial upped their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Macquarie reaffirmed an “outperform” rating and set a $370.00 price objective on shares of CrowdStrike in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.