Opinicus Capital Inc. Invests $479,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Opinicus Capital Inc. purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,877 shares of the company’s stock, valued at approximately $479,000.

A number of other large investors also recently modified their holdings of CRWD. Morgan Stanley lifted its position in shares of CrowdStrike by 124.4% in the 3rd 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 during the last quarter. Jennison Associates LLC lifted its position in shares of CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of CrowdStrike by 22,542.6% in the 4th quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock worth $187,481,000 after buying an additional 731,057 shares during the last quarter. Invesco Ltd. increased its holdings in shares of CrowdStrike by 52.3% in the 3rd quarter. Invesco Ltd. now owns 1,249,776 shares of the company’s stock worth $209,188,000 after acquiring an additional 429,186 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of CrowdStrike by 17.9% in the 3rd 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 period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Up 2.0 %

Shares of CRWD traded up $6.05 during midday trading on Friday, hitting $304.07. The stock had a trading volume of 2,007,839 shares, compared to its average volume of 2,018,688. CrowdStrike Holdings, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $365.00. The business has a 50-day simple moving average of $314.71 and a two-hundred day simple moving average of $268.13. The firm has a market cap of $73.55 billion, a P/E ratio of 844.66, a price-to-earnings-growth ratio of 11.92 and a beta of 1.05. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD) last announced 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 company had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. As a group, equities analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Analyst Ratings Changes

CRWD has been the topic of a number of analyst reports. KeyCorp dropped their price objective on shares of CrowdStrike from $430.00 to $376.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. TD Cowen increased their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. DA Davidson increased their price objective on shares of CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. JMP Securities increased their price objective on shares of CrowdStrike from $330.00 to $400.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 6th. Finally, Piper Sandler increased their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $371.87.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the firm’s 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 completion of the sale, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The transaction 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 firm’s 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 completion of the sale, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The transaction was disclosed in a filing with the SEC, which is accessible through 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 stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock worth $72,113,932 over the last ninety days. 5.68% of the stock is currently owned by company insiders.

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.