Parsons Capital Management Inc. RI Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Parsons Capital Management Inc. RI acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 2,015 shares of the company’s stock, valued at approximately $646,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Shepherd Financial Partners LLC raised its stake in CrowdStrike by 1.4% in the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after purchasing an additional 36 shares in the last quarter. Cigna Investments Inc. New increased its holdings in CrowdStrike by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock valued at $592,000 after buying an additional 38 shares during the period. Albion Financial Group UT increased its holdings in CrowdStrike by 3.7% in the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after buying an additional 39 shares during the period. Pier 88 Investment Partners LLC increased its holdings in CrowdStrike by 0.9% in the 4th quarter. Pier 88 Investment Partners LLC now owns 4,690 shares of the company’s stock valued at $1,197,000 after buying an additional 40 shares during the period. Finally, GAMMA Investing LLC increased its holdings in CrowdStrike by 18.5% in the 1st quarter. GAMMA Investing LLC now owns 282 shares of the company’s stock valued at $90,000 after buying an additional 44 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,019 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 $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction 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 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 accessible through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. 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 owned by corporate insiders.

CrowdStrike Trading Up 2.0 %

Shares of NASDAQ CRWD traded up $6.05 during midday trading on Friday, reaching $304.07. The stock had a trading volume of 2,007,839 shares, compared to its average volume of 2,018,688. The firm has a market cap of $73.55 billion, a price-to-earnings ratio of 844.66, a price-to-earnings-growth ratio of 12.16 and a beta of 1.05. The company’s 50 day moving average price is $314.71 and its 200 day moving average price is $269.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. CrowdStrike Holdings, Inc. has a twelve month low of $115.67 and a twelve month high of $365.00.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly 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 business had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on CRWD. HSBC raised their target price on shares of CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. BMO Capital Markets raised their target price on shares of CrowdStrike from $332.00 to $425.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Canaccord Genuity Group raised their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. KeyCorp decreased their price target 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of CrowdStrike from $350.00 to $371.00 and gave the company 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

About CrowdStrike

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.