SVB Wealth LLC Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SVB Wealth LLC increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 65.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,459 shares of the company’s stock after purchasing an additional 2,157 shares during the quarter. SVB Wealth LLC’s holdings in CrowdStrike were worth $1,394,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Coppell Advisory Solutions Corp. purchased a new position in shares of CrowdStrike in the 4th quarter valued at approximately $25,000. CVA Family Office LLC purchased a new position in CrowdStrike during the fourth quarter valued at $26,000. Silver Oak Securities Incorporated purchased a new position in CrowdStrike during the third quarter valued at $27,000. Bear Mountain Capital Inc. purchased a new position in CrowdStrike during the fourth quarter valued at $27,000. Finally, Gradient Investments LLC raised its stake 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 buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $294.10 on Friday. The stock has a 50-day simple moving average of $318.65 and a two-hundred day simple moving average of $262.91. CrowdStrike Holdings, Inc. has a 52-week low of $115.67 and a 52-week high of $365.00. 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 firm has a market capitalization of $71.13 billion, a PE ratio of 816.97, a P/E/G ratio of 11.96 and a beta of 1.05.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CRWD shares. DA Davidson lifted their price objective on CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Robert W. Baird lifted their price objective on CrowdStrike from $281.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Morgan Stanley lifted their price objective on CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, January 17th. Finally, Barclays lifted their target price on CrowdStrike from $340.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $371.87.

Insider Activity

In other news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was 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 $375,176,771.56. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock worth $72,113,932 over the last ninety days. Corporate insiders own 5.68% of the company’s stock.

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.