Confluence Wealth Services Inc. Has $389,000 Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Confluence Wealth Services Inc. lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 28.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,212 shares of the company’s stock after acquiring an additional 272 shares during the period. Confluence Wealth Services Inc.’s holdings in CrowdStrike were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CRWD. CVA Family Office LLC bought a new position in shares of CrowdStrike in the 4th quarter worth $26,000. Hexagon Capital Partners LLC bought a new stake in CrowdStrike during the 4th quarter worth approximately $26,000. Silver Oak Securities Incorporated purchased a new stake in CrowdStrike in the 3rd quarter valued at $27,000. Bear Mountain Capital Inc. bought a new position in CrowdStrike during the 4th quarter valued at $27,000. Finally, Trivant Custom Portfolio Group LLC purchased a new position in CrowdStrike during the 1st quarter worth $30,000. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Sanford C. Bernstein assumed coverage on CrowdStrike in a research note on Thursday, January 18th. They issued an “outperform” rating and a $334.00 target price on the stock. Scotiabank upped their target price on CrowdStrike from $320.00 to $400.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 6th. Stifel Nicolaus lifted their price target on CrowdStrike from $315.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, DA Davidson upped their price objective on CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a research note 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded down $11.50 during midday trading on Tuesday, hitting $292.54. 1,923,545 shares of the company’s stock were exchanged, compared to its average volume of 3,489,564. 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 business’s fifty day moving average price is $313.58 and its two-hundred day moving average price is $270.86. The company has a market cap of $70.76 billion, a price-to-earnings ratio of 812.63, a PEG ratio of 12.16 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 12-month low of $115.67 and a 12-month high of $365.00.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 EPS 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 analysts’ expectations of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,019 shares of the business’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 sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Anurag Saha sold 1,019 shares of the 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 approximately $11,773,108.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,544 shares of company stock valued at $72,113,932. Corporate insiders own 5.68% of the company’s stock.

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.