1,005 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by Trust Investment Advisors

Trust Investment Advisors acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,005 shares of the company’s stock, valued at approximately $257,000.

A number of other large investors have also modified their holdings of CRWD. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of CrowdStrike by 2.6% in the third 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 period. CHURCHILL MANAGEMENT Corp bought a new position in shares of CrowdStrike in the fourth quarter worth $1,228,000. Financial Counselors Inc. grew its stake in shares of CrowdStrike by 3.9% in 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 in the last quarter. Ferguson Wellman Capital Management Inc. increased 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 period. Finally, Highland Capital Management LLC raised its stake in shares of CrowdStrike by 0.6% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 14,815 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The disclosure for this sale can be found here. Insiders sold 223,544 shares of company stock worth $72,113,932 over the last ninety days. 5.68% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Wednesday. Guggenheim raised their price objective on shares of CrowdStrike from $358.00 to $424.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Scotiabank upped their target price on CrowdStrike from $320.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 6th. DA Davidson upped their price target on shares of CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Piper Sandler lifted their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research note 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 company. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Price Performance

NASDAQ CRWD traded up $0.41 during trading on Thursday, hitting $294.10. 2,091,127 shares of the company’s stock were exchanged, compared to its average volume of 3,625,662. The company has a market cap of $71.13 billion, a PE ratio of 817.66, a P/E/G ratio of 11.96 and a beta of 1.05. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $365.00. The stock’s 50 day moving average price is $319.23 and its two-hundred day moving average price is $262.69.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The company had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. Research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current 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.