828 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Purchased by RIA Advisory Group LLC

RIA Advisory Group LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 828 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in CrowdStrike by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock worth $2,463,451,000 after purchasing an additional 150,898 shares in the last quarter. BlackRock Inc. lifted its holdings in CrowdStrike by 1.9% during the 1st quarter. BlackRock Inc. now owns 13,668,541 shares of the company’s stock worth $1,876,144,000 after purchasing an additional 255,625 shares in the last quarter. Morgan Stanley lifted its holdings in CrowdStrike by 124.4% during the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after purchasing an additional 2,757,251 shares in the last quarter. State Street Corp lifted its holdings in CrowdStrike by 3.0% during the 1st quarter. State Street Corp now owns 4,322,377 shares of the company’s stock worth $593,280,000 after purchasing an additional 127,620 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in CrowdStrike by 62.1% during 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 purchasing an additional 1,440,905 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CRWD. Raymond James began coverage on CrowdStrike in a research note on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 target price on the stock. Macquarie restated an “outperform” rating and issued a $370.00 target price on shares of CrowdStrike in a research note on Tuesday, March 19th. Scotiabank upped their target price on CrowdStrike from $320.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 6th. Citigroup upped their target price on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, The Goldman Sachs Group upped their target price on CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Trading Down 3.9 %

NASDAQ CRWD traded down $11.46 on Friday, hitting $282.64. The company’s stock had a trading volume of 3,109,787 shares, compared to its average volume of 3,618,989. CrowdStrike Holdings, Inc. has a 52-week low of $115.67 and a 52-week high of $365.00. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The company’s 50-day simple moving average is $318.65 and its 200 day simple moving average is $262.91. The firm has a market cap of $68.36 billion, a P/E ratio of 796.30, a PEG ratio of 11.75 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last released 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. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The business had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. Research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value 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 approximately $375,176,771.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value 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 is available at the SEC website. Also, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the transaction, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is currently owned by company insiders.

CrowdStrike Company 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.