Thompson Davis & CO. Inc. Makes New $1.01 Million Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Thompson Davis & CO. Inc. purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,960 shares of the company’s stock, valued at approximately $1,011,000. CrowdStrike comprises approximately 0.9% of Thompson Davis & CO. Inc.’s holdings, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRWD. CVA Family Office LLC acquired a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $26,000. Silver Oak Securities Incorporated acquired a new position in shares of CrowdStrike during the 3rd quarter worth approximately $27,000. Bear Mountain Capital Inc. acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $27,000. Gradient Investments LLC raised its position in shares of CrowdStrike by 1,818.2% during the 3rd quarter. Gradient Investments LLC now owns 211 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, CEO George Kurtz sold 78,080 shares of the stock in a transaction dated Thursday, March 21st. The shares were 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 in the company, valued at $375,176,771.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Shawn Henry sold 14,815 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the sale, the insider now owns 235,850 shares in the company, valued at $76,851,722.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Kurtz sold 78,080 shares of the stock in a transaction dated 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 in the company, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Down 3.8 %

CRWD stock traded down $11.50 during trading on Tuesday, reaching $292.54. The stock had a trading volume of 1,923,545 shares, compared to its average volume of 3,489,564. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $70.76 billion, a P/E ratio of 812.63, a PEG ratio of 12.16 and a beta of 1.05. The firm has a fifty day moving average price of $313.58 and a 200 day moving average price of $270.86.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $845.34 million for 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%. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Piper Sandler lifted their price objective on CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. boosted their price target on CrowdStrike from $350.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Royal Bank of Canada boosted their price target on CrowdStrike from $357.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Monday, April 8th. Finally, Scotiabank boosted their price target on CrowdStrike from $320.00 to $400.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 6th. 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $371.87.

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.