Alpha Cubed Investments LLC Raises Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Alpha Cubed Investments LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 137.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,734 shares of the company’s stock after purchasing an additional 21,276 shares during the quarter. Alpha Cubed Investments LLC’s holdings in CrowdStrike were worth $9,379,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. increased its position in shares of CrowdStrike by 2.6% during the 3rd 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 last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of CrowdStrike in the 4th quarter worth approximately $1,228,000. Financial Counselors Inc. increased its position in CrowdStrike by 3.9% during the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after buying an additional 50 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its position in CrowdStrike by 17.1% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock valued at $40,647,000 after buying an additional 23,265 shares in the last quarter. Finally, Highland Capital Management LLC increased its holdings in shares of CrowdStrike by 0.6% in the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after purchasing an additional 181 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of research reports. Rosenblatt Securities restated a “buy” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, April 8th. BTIG Research upped their price objective on CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Jefferies Financial Group upped their target price on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Guggenheim upped their target price on CrowdStrike from $358.00 to $424.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Wedbush increased their price objective on CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Stock Performance

CrowdStrike stock traded down $11.50 during mid-day trading on Tuesday, reaching $292.54. The company had a trading volume of 1,923,545 shares, compared to its average volume of 3,489,564. 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 52 week low of $115.67 and a 52 week high of $365.00. The company has a 50 day moving average of $314.21 and a 200-day moving average of $270.11. The firm has a market cap of $70.76 billion, a price-to-earnings ratio of 812.63, a PEG ratio of 12.16 and a beta of 1.05.

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

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CrowdStrike 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 transaction of $331,990.20. Following the completion of the transaction, 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 can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is currently owned by 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.