CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,690 shares of the company’s stock after purchasing an additional 40 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in CrowdStrike were worth $1,197,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CRWD. Vanguard Group Inc. raised its stake in CrowdStrike by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock valued at $2,463,451,000 after purchasing an additional 150,898 shares during the last quarter. Jennison Associates LLC raised its position in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after buying an additional 1,581,796 shares during the last quarter. Morgan Stanley lifted its stake in shares of CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after buying an additional 2,757,251 shares in the last quarter. Ameriprise Financial Inc. boosted its position in CrowdStrike by 17.9% during the third quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after acquiring an additional 419,619 shares during the last quarter. Finally, Norges Bank purchased a new stake in CrowdStrike during the 4th quarter valued at about $683,336,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the sale, the chief executive officer now owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Michael Sentonas sold 18,747 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the transaction, the president now directly owns 382,958 shares of the company’s stock, valued at $124,767,716.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the transaction, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 317,000 shares of company stock worth $101,229,160. 4.34% of the stock is owned by insiders.

CrowdStrike Price Performance

NASDAQ:CRWD traded up $9.12 during trading hours on Friday, reaching $351.47. 2,669,970 shares of the company traded hands, compared to its average volume of 2,452,240. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The firm’s 50-day moving average is $317.04 and its 200-day moving average is $289.34. The stock has a market cap of $85.01 billion, a P/E ratio of 976.33, a P/E/G ratio of 14.06 and a beta of 1.08. CrowdStrike Holdings, Inc. has a 1-year low of $139.37 and a 1-year high of $365.00.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its earnings results on Tuesday, March 5th. The company reported $0.24 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 firm had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Canaccord Genuity Group boosted their target price on CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Mizuho upped their target price on CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Raymond James started coverage on CrowdStrike in a report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 price target on the stock. Needham & Company LLC upped their price objective on shares of CrowdStrike from $325.00 to $350.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Citigroup lifted their target price on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

View Our Latest Analysis on CrowdStrike

About CrowdStrike

(Free Report)

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.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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