CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is AtonRa Partners’ 2nd Largest Position

AtonRa Partners trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,987 shares of the company’s stock after selling 620 shares during the period. CrowdStrike accounts for about 2.0% of AtonRa Partners’ holdings, making the stock its 2nd largest holding. AtonRa Partners’ holdings in CrowdStrike were worth $1,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CRWD. Birchcreek Wealth Management LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $275,000. Avaii Wealth Management LLC lifted its stake in shares of CrowdStrike by 98.3% during the 4th quarter. Avaii Wealth Management LLC now owns 3,464 shares of the company’s stock worth $884,000 after purchasing an additional 1,717 shares during the period. Choreo LLC increased its holdings in shares of CrowdStrike by 11.0% during the 4th quarter. Choreo LLC now owns 1,726 shares of the company’s stock worth $441,000 after buying an additional 171 shares during the last quarter. Eagle Wealth Strategies LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth $283,000. Finally, Silver Oak Securities Incorporated increased its holdings in shares of CrowdStrike by 404.3% during the 4th quarter. Silver Oak Securities Incorporated now owns 827 shares of the company’s stock worth $211,000 after buying an additional 663 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, April 15th. The shares were 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 in the company, valued at $64,525,067.19. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, CFO Burt W. Podbere sold 64,000 shares of CrowdStrike stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $316.48, for a total value of $20,254,720.00. Following the completion of the sale, the chief financial officer now owns 306,508 shares in the company, valued at approximately $97,003,651.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction 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 approximately $64,525,067.19. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is owned by insiders.

CrowdStrike Price Performance

Shares of CRWD stock traded down $0.03 during trading hours on Monday, reaching $304.04. 1,898,057 shares of the company were exchanged, compared to its average volume of 3,508,660. 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 company has a market cap of $73.54 billion, a price-to-earnings ratio of 844.58, a P/E/G ratio of 12.16 and a beta of 1.05. The stock’s fifty day moving average is $314.71 and its two-hundred day moving average is $269.29. CrowdStrike Holdings, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $365.00.

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 analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. Sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays upped their price objective on CrowdStrike from $340.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Evercore ISI increased their price target on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. KeyCorp lowered their price target on CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. UBS Group raised their target price on CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Morgan Stanley raised their target price on CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $371.87.

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.