Patriot Financial Group Insurance Agency LLC Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Patriot Financial Group Insurance Agency LLC grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,014 shares of the company’s stock after buying an additional 736 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in CrowdStrike were worth $2,301,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. raised 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 worth $2,360,230,000 after acquiring an additional 2,401,659 shares in the last quarter. Vanguard Group Inc. increased its position in CrowdStrike by 1.0% during the third quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock worth $2,463,451,000 after buying an additional 150,898 shares during the period. Morgan Stanley increased its position in CrowdStrike by 124.4% during the third 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 period. State Street Corp increased its position in CrowdStrike by 1.6% during the second quarter. State Street Corp now owns 4,392,861 shares of the company’s stock worth $645,179,000 after buying an additional 70,484 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its position in CrowdStrike by 62.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock worth $396,019,000 after buying an additional 1,440,905 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In other CrowdStrike 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 transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $240.13, for a total value of $3,601,950.00. Following the completion of the sale, the director now owns 846,799 shares of the company’s stock, valued at $203,341,843.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders sold 237,667 shares of company stock worth $72,822,280 over the last three months. 5.68% of the stock is owned by insiders.

CrowdStrike Trading Down 0.5 %

CrowdStrike stock traded down $1.66 during trading on Friday, hitting $320.59. The company’s stock had a trading volume of 2,253,051 shares, compared to its average volume of 5,263,961. The stock has a market capitalization of $77.54 billion, a price-to-earnings ratio of 890.55, a P/E/G ratio of 13.08 and a beta of 1.06. The stock’s fifty day moving average is $315.82 and its 200 day moving average is $247.84. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm had revenue of $845.34 million during 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%. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post 1.1 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on CRWD shares. Rosenblatt Securities lifted their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Thursday, March 14th. BMO Capital Markets boosted their target price on CrowdStrike from $332.00 to $425.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Needham & Company LLC boosted their target price on CrowdStrike from $325.00 to $350.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Evercore ISI boosted their target price on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $373.29.

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.