Patriot Financial Group Insurance Agency LLC Has $2.30 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Patriot Financial Group Insurance Agency LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,014 shares of the company’s stock after acquiring an additional 736 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in CrowdStrike were worth $2,301,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CRWD. Morgan Stanley raised its holdings in CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after acquiring an additional 2,757,251 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of CrowdStrike by 1,593.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,643,904 shares of the company’s stock worth $388,310,000 after buying an additional 2,487,806 shares in the last quarter. BlackRock Inc. raised its holdings in shares of CrowdStrike by 17.6% in the 2nd quarter. BlackRock Inc. now owns 16,070,200 shares of the company’s stock worth $2,360,230,000 after buying an additional 2,401,659 shares in the last quarter. Norges Bank acquired a new position in shares of CrowdStrike in the 4th quarter worth approximately $244,740,000. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of CrowdStrike by 62.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock worth $396,019,000 after buying an additional 1,440,905 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Trading Down 0.5 %

CRWD stock traded down $1.66 during midday trading on Friday, hitting $320.59. 2,253,051 shares of the company’s stock were exchanged, compared to its average volume of 5,263,961. The stock’s fifty day moving average price is $315.82 and its 200-day moving average price is $247.84. 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 company has a market cap of $77.54 billion, a PE ratio of 890.55, a price-to-earnings-growth ratio of 13.08 and a beta of 1.06. CrowdStrike Holdings, Inc. has a one year low of $115.67 and a one year high of $365.00.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results 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 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%. Research analysts predict that CrowdStrike Holdings, Inc. will post 1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Thursday, March 14th. Wedbush increased their target price on CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. KeyCorp raised their price target on CrowdStrike from $375.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. JMP Securities raised their price target on CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” rating in a report on Wednesday, March 6th. Finally, Rosenblatt Securities raised their price target on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $373.29.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of CrowdStrike stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total value of $592,094.72. Following the sale, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at approximately $11,387,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of CrowdStrike stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total value of $592,094.72. Following the sale, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at approximately $11,387,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 60,000 shares of CrowdStrike stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $283.69, for a total value of $17,021,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,020,194 shares in the company, valued at approximately $289,418,835.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 237,667 shares of company stock worth $72,822,280. Corporate 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.