Los Angeles Capital Management LLC Has $31.81 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Los Angeles Capital Management LLC raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5,210.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,590 shares of the company’s stock after buying an additional 122,244 shares during the quarter. Los Angeles Capital Management LLC’s holdings in CrowdStrike were worth $31,810,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CRWD. Cigna Investments Inc. New raised its position in shares of CrowdStrike by 1.7% during the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after purchasing an additional 38 shares during the period. Quent Capital LLC grew its holdings in CrowdStrike by 48.5% during the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after buying an additional 48 shares in the last quarter. Advisory Resource Group grew its holdings in CrowdStrike by 0.7% during the third quarter. Advisory Resource Group now owns 6,670 shares of the company’s stock worth $1,116,000 after buying an additional 49 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in CrowdStrike by 23.9% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 254 shares of the company’s stock worth $65,000 after buying an additional 49 shares in the last quarter. Finally, Modus Advisors LLC grew its holdings in CrowdStrike by 1.7% during the fourth quarter. Modus Advisors LLC now owns 2,950 shares of the company’s stock worth $753,000 after buying an additional 50 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Raymond James started coverage on CrowdStrike in a report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 price target for the company. Oppenheimer upped their price objective on CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. KeyCorp reduced their price objective on CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. HSBC upped their price objective on CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Canaccord Genuity Group upped their price objective on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Stock Up 2.2 %

Shares of NASDAQ CRWD traded up $6.67 during mid-day trading on Friday, hitting $310.21. 4,074,695 shares of the stock traded hands, compared to its average volume of 3,485,107. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. CrowdStrike Holdings, Inc. has a 52 week low of $117.45 and a 52 week high of $365.00. The company has a market cap of $75.03 billion, a price-to-earnings ratio of 861.72, a PEG ratio of 11.82 and a beta of 1.08. The stock has a fifty day moving average price of $313.50 and a 200-day moving average price of $271.26.

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

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 14,815 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.85, for a total value of $4,827,467.75. Following the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 14,815 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.85, for a total value of $4,827,467.75. Following the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was 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 $11,773,108.80. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock worth $72,113,932 over the last ninety days. 5.68% of the stock is owned by corporate insiders.

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.