CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Holdings Boosted by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 119.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,975 shares of the company’s stock after purchasing an additional 2,711 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in CrowdStrike were worth $1,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of CrowdStrike by 2.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock valued at $934,000 after acquiring an additional 141 shares during the period. CHURCHILL MANAGEMENT Corp bought a new position in CrowdStrike in the 4th quarter worth about $1,228,000. Ferguson Wellman Capital Management Inc. increased its stake in shares of CrowdStrike by 17.1% in 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 period. Sara Bay Financial bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $255,000. Finally, Nordea Investment Management AB boosted its position in shares of CrowdStrike by 8.6% during the fourth quarter. Nordea Investment Management AB now owns 510,362 shares of the company’s stock worth $130,096,000 after buying an additional 40,222 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of CrowdStrike in a research note on Thursday, January 18th. They issued an “outperform” rating and a $334.00 price objective on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Thursday, March 14th. Morgan Stanley raised their price objective on shares of CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. JMP Securities boosted their price target on CrowdStrike from $330.00 to $400.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 6th. Finally, DA Davidson upped their price objective on shares of CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.29.

CrowdStrike Trading Down 0.5 %

CRWD traded down $1.66 during mid-day trading on Thursday, hitting $320.59. The stock had a trading volume of 2,249,823 shares, compared to its average volume of 3,990,613. The stock’s fifty day simple moving average is $315.08 and its 200-day simple moving average is $247.33. The firm has a market capitalization of $77.54 billion, a price-to-earnings ratio of 892.16, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. 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 released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The company had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling

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 value of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 26,097 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.61, for a total transaction of $8,497,444.17. Following the sale, the chief financial officer now directly owns 347,792 shares in the company, valued at $113,244,553.12. The disclosure for this sale can be found here. Insiders have sold a total of 237,667 shares of company stock worth $72,822,280 over the last ninety days. Company insiders own 5.68% of the company’s stock.

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.