Traynor Capital Management Inc. Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Traynor Capital Management Inc. boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,021 shares of the company’s stock after buying an additional 4,768 shares during the quarter. CrowdStrike makes up 1.0% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 20th largest holding. Traynor Capital Management Inc.’s holdings in CrowdStrike were worth $9,452,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley increased its position in shares of CrowdStrike by 124.4% during 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 last quarter. Alliancebernstein L.P. increased its position 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 valued at $388,310,000 after purchasing an additional 2,487,806 shares during the last quarter. BlackRock Inc. increased its position in shares of CrowdStrike by 17.6% during the 2nd quarter. BlackRock Inc. now owns 16,070,200 shares of the company’s stock valued at $2,360,230,000 after purchasing an additional 2,401,659 shares during the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $244,740,000. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of CrowdStrike by 62.1% during 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 purchasing an additional 1,440,905 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 0.5 %

CrowdStrike stock traded down $1.66 during mid-day trading on Thursday, hitting $320.59. The company had a trading volume of 2,249,823 shares, compared to its average volume of 3,990,613. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average price is $315.08 and its two-hundred day moving average price is $247.33. CrowdStrike Holdings, Inc. has a 12 month low of $115.67 and a 12 month high of $365.00. The company has a market capitalization of $77.54 billion, a PE ratio of 892.16, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06.

CrowdStrike (NASDAQ:CRWD) last posted 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 analysts’ expectations of $839.08 million. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 1.1 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Anurag Saha sold 1,786 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total value of $592,094.72. Following the transaction, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at $11,387,712. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 78,080 shares of the firm’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 transaction, 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. Over the last 90 days, insiders sold 237,667 shares of company stock worth $72,822,280. 5.68% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CRWD shares. Robert W. Baird increased their price target on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, January 17th. Truist Financial increased their price target on CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 target price on shares of CrowdStrike in a research note on Thursday, March 14th. Finally, Raymond James assumed coverage on CrowdStrike in a research note on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 target price for the company. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $373.29.

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.