Cornerstone Capital Inc. Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cornerstone Capital Inc. lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,535 shares of the company’s stock after purchasing an additional 260 shares during the period. Cornerstone Capital Inc.’s holdings in CrowdStrike were worth $1,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Cigna Investments Inc. New lifted its holdings in shares of CrowdStrike by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after acquiring an additional 38 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of CrowdStrike by 48.5% in the 4th quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after acquiring an additional 48 shares during the last quarter. Advisory Resource Group lifted its holdings in shares of CrowdStrike by 0.7% in the 3rd quarter. Advisory Resource Group now owns 6,670 shares of the company’s stock worth $1,116,000 after acquiring an additional 49 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of CrowdStrike by 23.9% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 254 shares of the company’s stock worth $65,000 after acquiring an additional 49 shares during the last quarter. Finally, Modus Advisors LLC lifted its holdings in shares of CrowdStrike by 1.7% in the 4th quarter. Modus Advisors LLC now owns 2,950 shares of the company’s stock worth $753,000 after acquiring an additional 50 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 2.0 %

CRWD stock opened at $304.07 on Friday. The firm has a 50 day moving average of $314.71 and a 200 day moving average of $268.72. The stock has a market capitalization of $73.55 billion, a PE ratio of 844.66, a price-to-earnings-growth ratio of 12.16 and a beta of 1.05. 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 52 week low of $115.67 and a 52 week high of $365.00.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The business had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. Sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Analyst Ratings Changes

CRWD has been the subject of several analyst reports. Morgan Stanley raised their target price on shares of CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. Scotiabank raised their price target on shares of CrowdStrike from $320.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 6th. Macquarie reaffirmed an “outperform” rating and issued a $370.00 price target on shares of CrowdStrike in a research note on Tuesday, March 19th. BMO Capital Markets raised their price target on shares of CrowdStrike from $332.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, Guggenheim raised their price target on shares of CrowdStrike from $358.00 to $424.00 and gave the stock 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 assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction that occurred on Thursday, March 21st. The shares were 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 SEC, which is accessible through this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 223,544 shares of company stock worth $72,113,932. Company insiders own 5.68% of the company’s stock.

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.