Gabelli Funds LLC Raises Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gabelli Funds LLC grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,818 shares of the company’s stock after acquiring an additional 4,600 shares during the quarter. Gabelli Funds LLC’s holdings in CrowdStrike were worth $32,890,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Shepherd Financial Partners LLC increased its position in CrowdStrike by 1.4% during the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after buying an additional 36 shares in the last quarter. Cigna Investments Inc. New boosted its stake in CrowdStrike by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after purchasing an additional 38 shares in the last quarter. Pier 88 Investment Partners LLC grew its position in CrowdStrike by 0.9% during the 4th quarter. Pier 88 Investment Partners LLC now owns 4,690 shares of the company’s stock worth $1,197,000 after purchasing an additional 40 shares during the last quarter. Fagan Associates Inc. raised its holdings in shares of CrowdStrike by 0.5% in the fourth quarter. Fagan Associates Inc. now owns 9,650 shares of the company’s stock worth $2,464,000 after buying an additional 45 shares during the last quarter. Finally, Quent Capital LLC lifted 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 worth $38,000 after buying an additional 48 shares during the period. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRWD. Stifel Nicolaus upped their target price on CrowdStrike from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. The Goldman Sachs Group raised their price target on shares of CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. TD Cowen lifted their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Oppenheimer upped their price target on shares of CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Macquarie reiterated an “outperform” rating and set a $370.00 price objective on shares of CrowdStrike in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $375.61.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 5,424 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $349.01, for a total transaction of $1,893,030.24. Following the transaction, the chief financial officer now directly owns 308,593 shares in the company, valued at $107,702,042.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Burt W. Podbere sold 5,424 shares of CrowdStrike stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $349.01, for a total value of $1,893,030.24. Following the completion of the transaction, the chief financial officer now owns 308,593 shares in the company, valued at $107,702,042.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the completion of the transaction, the insider now directly owns 204,961 shares of the company’s stock, valued at approximately $68,358,592.72. The disclosure for this sale can be found here. Insiders have sold 317,000 shares of company stock valued at $101,229,160 over the last 90 days. 4.34% of the stock is owned by insiders.

CrowdStrike Trading Up 12.0 %

Shares of NASDAQ CRWD traded up $36.60 during midday trading on Wednesday, reaching $342.18. 16,016,277 shares of the stock were exchanged, compared to its average volume of 3,535,215. The stock has a market capitalization of $82.76 billion, a P/E ratio of 950.53, a PEG ratio of 12.35 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The company has a 50 day simple moving average of $317.66 and a 200 day simple moving average of $295.87. CrowdStrike Holdings, Inc. has a twelve month low of $139.37 and a twelve month high of $365.00.

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

CrowdStrike 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.