CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,750 shares of the company’s stock after selling 75 shares during the quarter. Capital Investment Counsel Inc’s holdings in CrowdStrike were worth $447,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of CrowdStrike by 2.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock worth $934,000 after purchasing an additional 141 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in shares of CrowdStrike in the 4th quarter worth $1,228,000. Financial Counselors Inc. raised its position in shares of CrowdStrike by 3.9% during the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after purchasing an additional 50 shares during the period. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of CrowdStrike by 17.1% during the fourth 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 boosted its position in shares of 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 period. Institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of CrowdStrike 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 owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, 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 completion of the transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurtz sold 78,080 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were 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 owns 1,148,102 shares in the company, valued at $375,176,771.56. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock worth $72,113,932 in the last quarter. 5.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRWD. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $350.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. BTIG Research increased their price objective on CrowdStrike from $322.00 to $432.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Truist Financial upped their target price on CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Robert W. Baird boosted their price target on CrowdStrike from $281.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada raised their price objective on shares of CrowdStrike from $357.00 to $420.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Price Performance

Shares of CRWD traded up $3.85 on Monday, hitting $307.92. The company’s stock had a trading volume of 706,246 shares, compared to its average volume of 3,492,462. The company has a 50 day moving average price of $314.71 and a 200 day moving average price of $269.29. CrowdStrike Holdings, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $365.00. The company has a market capitalization of $74.48 billion, a PE ratio of 844.66, a PEG ratio of 12.16 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 (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The firm had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. On average, research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

About CrowdStrike

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.