Cookson Peirce & Co. Inc. Raises Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cookson Peirce & Co. Inc. boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 391.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,016 shares of the company’s stock after purchasing an additional 42,222 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in CrowdStrike were worth $13,536,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CRWD. Vanguard Group Inc. lifted its position in CrowdStrike by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock worth $2,463,451,000 after acquiring an additional 150,898 shares during the period. BlackRock Inc. raised its stake in shares of CrowdStrike by 1.9% during the 1st quarter. BlackRock Inc. now owns 13,668,541 shares of the company’s stock worth $1,876,144,000 after buying an additional 255,625 shares in the last quarter. Morgan Stanley raised its stake in shares of CrowdStrike by 124.4% during the 3rd 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 in the last quarter. State Street Corp raised its stake in shares of CrowdStrike by 3.0% during the 1st quarter. State Street Corp now owns 4,322,377 shares of the company’s stock worth $593,280,000 after buying an additional 127,620 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake 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 worth $396,019,000 after buying an additional 1,440,905 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction on 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 owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction on 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 filing with the SEC, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $316.82, for a total value of $4,752,300.00. Following the sale, the director now owns 839,234 shares of the company’s stock, valued at $265,886,115.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 219,544 shares of company stock valued at $70,878,772. 5.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRWD. Barclays raised their price objective on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Wedbush raised their price objective on CrowdStrike from $278.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Raymond James initiated coverage on CrowdStrike in a research report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 price target for the company. Oppenheimer raised their price target on CrowdStrike from $300.00 to $355.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, Citigroup raised their price target on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $373.29.

CrowdStrike Stock Down 0.1 %

Shares of NASDAQ CRWD traded down $0.15 on Tuesday, hitting $299.35. The company had a trading volume of 1,119,854 shares, compared to its average volume of 3,654,759. 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 12-month low of $115.67 and a 12-month high of $365.00. The business has a 50 day moving average of $319.77 and a two-hundred day moving average of $261.55. The firm has a market capitalization of $72.40 billion, a P/E ratio of 832.75, a PEG ratio of 12.36 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $839.08 million. As a group, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

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.