Fulton Breakefield Broenniman LLC Buys New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fulton Breakefield Broenniman LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,060 shares of the company’s stock, valued at approximately $271,000.

Several other large investors have also recently added to or reduced their stakes in the business. DAVENPORT & Co LLC increased its position in shares of CrowdStrike by 42.6% during the 3rd quarter. DAVENPORT & Co LLC now owns 2,813 shares of the company’s stock valued at $471,000 after purchasing an additional 841 shares during the period. Exchange Traded Concepts LLC increased its position in shares of CrowdStrike by 70.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,552 shares of the company’s stock valued at $1,599,000 after purchasing an additional 3,960 shares during the period. Private Trust Co. NA increased its position in shares of CrowdStrike by 106.7% during the 3rd quarter. Private Trust Co. NA now owns 1,980 shares of the company’s stock valued at $331,000 after purchasing an additional 1,022 shares during the period. Caprock Group LLC increased its position in shares of CrowdStrike by 3.4% during the 3rd quarter. Caprock Group LLC now owns 2,402 shares of the company’s stock valued at $402,000 after purchasing an additional 80 shares during the period. Finally, Zullo Investment Group Inc. increased its position in shares of CrowdStrike by 4.2% during the 3rd quarter. Zullo Investment Group Inc. now owns 3,993 shares of the company’s stock valued at $668,000 after purchasing an additional 160 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRWD. Evercore ISI lifted their target price on CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. lifted their target price on CrowdStrike from $350.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. BMO Capital Markets lifted their target price on CrowdStrike from $332.00 to $425.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Jefferies Financial Group lifted their target price on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group raised their target price on CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $371.87.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the 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 owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Shawn Henry sold 4,000 shares of the 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 owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. Insiders have sold a total of 223,544 shares of company stock valued at $72,113,932 in the last 90 days. 5.68% of the stock is owned by company insiders.

CrowdStrike Trading Up 2.0 %

CRWD traded up $6.05 during mid-day trading on Friday, reaching $304.07. The stock had a trading volume of 2,007,839 shares, compared to its average volume of 2,018,688. The stock has a market capitalization of $73.55 billion, a P/E ratio of 844.66, a P/E/G ratio of 11.92 and a beta of 1.05. 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’s fifty day simple moving average is $314.71 and its two-hundred 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 announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating 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 return on equity of 6.09% and a net margin of 2.92%. On average, equities analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

CrowdStrike 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.