Laurel Wealth Advisors LLC Raises Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Laurel Wealth Advisors LLC lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,146 shares of the company’s stock after buying an additional 50 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in CrowdStrike were worth $1,825,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. CIBC Asset Management Inc raised its holdings in shares of CrowdStrike by 3.1% in the fourth quarter. CIBC Asset Management Inc now owns 39,335 shares of the company’s stock worth $10,043,000 after buying an additional 1,188 shares during the period. Campbell & CO Investment Adviser LLC raised its holdings in shares of CrowdStrike by 16.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 5,883 shares of the company’s stock worth $1,502,000 after buying an additional 812 shares during the period. APG Asset Management US Inc. bought a new position in CrowdStrike in the fourth quarter worth approximately $11,486,000. California State Teachers Retirement System increased its holdings in CrowdStrike by 2.4% during the 4th quarter. California State Teachers Retirement System now owns 348,119 shares of the company’s stock worth $88,882,000 after purchasing an additional 8,244 shares during the period. Finally, Rathbones Group PLC increased its holdings in CrowdStrike by 1.6% during the 4th quarter. Rathbones Group PLC now owns 8,484 shares of the company’s stock worth $2,166,000 after purchasing an additional 137 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Anurag Saha sold 1,019 shares of the company’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 completion of the transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Burt W. Podbere sold 26,097 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.61, for a total value of $8,497,444.17. Following the transaction, the chief financial officer now directly owns 347,792 shares in the company, valued at $113,244,553.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 owns 36,136 shares in the company, valued at $11,773,108.80. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock valued at $72,113,932 in the last quarter. 5.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on CRWD shares. TD Cowen raised their price objective on CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Wedbush raised their price objective on CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. BTIG Research raised their price objective on CrowdStrike from $322.00 to $432.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Susquehanna raised their price objective on CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a report on Thursday, March 7th. Finally, Royal Bank of Canada raised their price objective on CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a report 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Stock Performance

Shares of CRWD stock traded up $6.05 on Friday, hitting $304.07. The company had a trading volume of 2,007,839 shares, compared to its average volume of 2,018,688. The firm has a market cap of $73.55 billion, a P/E ratio of 844.66, a price-to-earnings-growth ratio of 11.92 and a beta of 1.05. The company has a 50-day moving average price of $314.71 and a 200-day moving average price of $268.13. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a twelve month low of $115.67 and a twelve month high of $365.00.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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 business had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

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.