CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is IMA Wealth Inc.’s 9th Largest Position

IMA Wealth Inc. decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,857 shares of the company’s stock after selling 1,122 shares during the quarter. CrowdStrike comprises approximately 2.8% of IMA Wealth Inc.’s portfolio, making the stock its 9th biggest holding. IMA Wealth Inc.’s holdings in CrowdStrike were worth $5,581,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. CVA Family Office LLC purchased a new position in shares of CrowdStrike in the fourth quarter valued at $26,000. Bear Mountain Capital Inc. purchased a new position in shares of CrowdStrike in the fourth quarter valued at $27,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the fourth quarter valued at $36,000. Quent Capital LLC boosted its stake in shares of CrowdStrike by 48.5% during the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock valued at $38,000 after acquiring an additional 48 shares during the last quarter. Finally, Silver Oak Securities Incorporated acquired a new stake in shares of CrowdStrike during the third quarter valued at $27,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

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 related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the sale, the insider now owns 208,961 shares in the company, valued at $64,525,067.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the company’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 owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders have sold a total of 223,544 shares of company stock worth $72,113,932 over the last three months. Corporate insiders own 5.68% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of a number of analyst reports. Raymond James started coverage on CrowdStrike in a research note on Tuesday, January 30th. They set an “outperform” rating and a $330.00 price objective on the stock. Susquehanna lifted their price objective on CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a research note on Thursday, March 7th. Royal Bank of Canada raised their target price on CrowdStrike from $357.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. BTIG Research raised their target price on CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Evercore ISI raised their target price on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” 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 company. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Trading Up 2.0 %

Shares of CrowdStrike stock traded up $6.05 during trading on Friday, reaching $304.07. 2,007,839 shares of the company were exchanged, compared to its average volume of 2,018,688. 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 Holdings, Inc. has a twelve month low of $115.67 and a twelve month high of $365.00. The business has a 50-day moving average price of $314.71 and a 200-day moving average price of $268.13. The firm has a market capitalization of $73.55 billion, a price-to-earnings ratio of 844.66, a P/E/G ratio of 11.92 and a beta of 1.05.

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%. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS 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.