Masso Torrence Wealth Management Inc. Acquires Shares of 1,048 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Masso Torrence Wealth Management Inc. acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,048 shares of the company’s stock, valued at approximately $268,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of CrowdStrike by 2.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock worth $934,000 after buying an additional 141 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $1,228,000. Financial Counselors Inc. raised its stake in shares of CrowdStrike by 3.9% during the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after buying an additional 50 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of CrowdStrike by 17.1% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after buying an additional 23,265 shares in the last quarter. Finally, Highland Capital Management LLC raised its stake in shares of CrowdStrike by 0.6% during the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after buying an additional 181 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CRWD shares. Oppenheimer increased their target price on CrowdStrike from $300.00 to $355.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Wednesday, January 17th. UBS Group upped their price target on CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. The Goldman Sachs Group upped their price target on CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Macquarie restated an “outperform” rating and issued a $370.00 price target on shares of CrowdStrike in a report on Tuesday, March 19th. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $371.87.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was 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 directly owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Up 4.3 %

NASDAQ:CRWD traded up $12.40 during mid-day trading on Tuesday, hitting $301.55. The company had a trading volume of 1,778,886 shares, compared to its average volume of 3,580,109. CrowdStrike Holdings, Inc. has a 1 year low of $115.67 and a 1 year high of $365.00. The firm has a market capitalization of $72.94 billion, a price-to-earnings ratio of 829.91, a PEG ratio of 11.30 and a beta of 1.05. 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 has a fifty day simple moving average of $317.08 and a 200-day simple moving average of $265.99.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping 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 business had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

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.