Oak Thistle LLC Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Oak Thistle LLC grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,059 shares of the company’s stock after acquiring an additional 432 shares during the period. Oak Thistle LLC’s holdings in CrowdStrike were worth $781,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Coppell Advisory Solutions Corp. purchased a new stake in shares of CrowdStrike in the fourth quarter worth $25,000. CVA Family Office LLC purchased a new stake in shares of CrowdStrike in the fourth quarter worth $26,000. Silver Oak Securities Incorporated purchased a new stake in CrowdStrike during the third quarter valued at about $27,000. Gradient Investments LLC raised its position in CrowdStrike by 1,818.2% during the third quarter. Gradient Investments LLC now owns 211 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in CrowdStrike during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their price target on CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. BTIG Research raised their price target on CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. KeyCorp raised their price target on CrowdStrike from $375.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Evercore ISI raised their price target on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Finally, Scotiabank raised their price objective on CrowdStrike from $320.00 to $400.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $373.29.

Read Our Latest Stock Analysis on CRWD

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Burt W. Podbere sold 64,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $316.48, for a total value of $20,254,720.00. Following the transaction, the chief financial officer now directly owns 306,508 shares of the company’s stock, valued at approximately $97,003,651.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The disclosure for this sale can be found here. Insiders have sold a total of 286,667 shares of company stock valued at $89,475,050 in the last ninety days. 5.68% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Performance

Shares of CRWD opened at $319.55 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $316.84 and its 200-day moving average price is $251.04. CrowdStrike Holdings, Inc. has a 52 week low of $115.67 and a 52 week high of $365.00. The stock has a market cap of $77.29 billion, a P/E ratio of 887.66, a P/E/G ratio of 12.82 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWDGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The firm had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

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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