Trust Investment Advisors Invests $257,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Trust Investment Advisors purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,005 shares of the company’s stock, valued at approximately $257,000.

A number of other institutional investors have also recently modified their holdings of the business. Morgan Stanley raised its stake in shares of CrowdStrike by 124.4% during 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. Alliancebernstein L.P. increased its stake in shares of CrowdStrike by 1,593.7% during the 2nd quarter. Alliancebernstein L.P. now owns 2,643,904 shares of the company’s stock worth $388,310,000 after purchasing an additional 2,487,806 shares in the last quarter. Norges Bank acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $244,740,000. T. Rowe Price Investment Management Inc. lifted its stake in CrowdStrike by 62.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock valued at $396,019,000 after buying an additional 1,440,905 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in CrowdStrike by 69.3% during the 1st quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock valued at $524,750,000 after buying an additional 945,703 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 0.1 %

Shares of CRWD stock traded up $0.41 during trading hours on Thursday, hitting $294.10. 2,091,127 shares of the company were exchanged, compared to its average volume of 3,625,662. The company has a market capitalization of $71.13 billion, a PE ratio of 817.66, a PEG ratio of 11.96 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 52 week low of $115.67 and a 52 week high of $365.00. The business has a 50 day moving average of $319.23 and a two-hundred day moving average of $262.69. 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 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. The firm had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. Analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now directly owns 208,961 shares in the company, valued at approximately $64,525,067.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Shawn Henry sold 4,000 shares of the business’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 value of $1,235,160.00. Following the completion of the transaction, the insider now directly owns 208,961 shares in the company, valued at approximately $64,525,067.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $20,254,720.00. Following the sale, the chief financial officer now directly owns 306,508 shares of the company’s stock, valued at approximately $97,003,651.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 223,544 shares of company stock worth $72,113,932. Corporate insiders own 5.68% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of recent research reports. Citigroup upped their target price on shares of CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Jefferies Financial Group lifted their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Morgan Stanley raised their target price on shares of CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Needham & Company LLC upped their price target on shares of CrowdStrike from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Monday, April 8th. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average 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.