CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by IMA Wealth Inc.

IMA Wealth Inc. reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,857 shares of the company’s stock after selling 1,122 shares during the period. CrowdStrike comprises about 2.8% of IMA Wealth Inc.’s portfolio, making the stock its 9th biggest holding. IMA Wealth Inc.’s holdings in CrowdStrike were worth $5,581,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CRWD. Morgan Stanley lifted its stake in shares of CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after purchasing an additional 2,757,251 shares during the period. Jennison Associates LLC increased its holdings in CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after acquiring an additional 1,581,796 shares in the last quarter. International Assets Investment Management LLC increased its holdings in CrowdStrike by 22,542.6% in the 4th quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock worth $187,481,000 after acquiring an additional 731,057 shares in the last quarter. Invesco Ltd. increased its holdings in CrowdStrike by 52.3% in the 3rd quarter. Invesco Ltd. now owns 1,249,776 shares of the company’s stock worth $209,188,000 after acquiring an additional 429,186 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in CrowdStrike by 17.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after acquiring an additional 419,619 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRWD. BMO Capital Markets boosted their price target on shares of CrowdStrike from $332.00 to $425.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Wednesday, January 17th. Royal Bank of Canada upped their target price on shares of CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Wells Fargo & Company upped their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Finally, Macquarie reissued an “outperform” rating and issued a $370.00 price objective on shares of CrowdStrike in a report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Stock Performance

Shares of CRWD traded up $6.05 during mid-day trading on Friday, reaching $304.07. 2,007,839 shares of the company’s stock were exchanged, compared to its average volume of 2,018,688. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market capitalization of $73.55 billion, a PE ratio of 844.66, a price-to-earnings-growth ratio of 11.92 and a beta of 1.05. The business’s fifty day simple moving average is $314.71 and its 200-day simple moving average is $268.13. CrowdStrike Holdings, Inc. has a 52-week low of $115.67 and a 52-week high of $365.00.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping 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 firm had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. On average, equities research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the sale, the insider now owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CAO Anurag Saha sold 1,786 shares of CrowdStrike stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the transaction, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at approximately $11,387,712. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is owned by company insiders.

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.