McGlone Suttner Wealth Management Inc. Acquires New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

McGlone Suttner Wealth Management Inc. bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 141 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. lifted its position in 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 acquiring an additional 141 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in CrowdStrike during the 4th quarter worth $1,228,000. Ferguson Wellman Capital Management Inc. lifted its position in 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 acquiring an additional 23,265 shares during the last quarter. Highland Capital Management LLC lifted its position in 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 acquiring an additional 181 shares during the last quarter. Finally, Sara Bay Financial acquired a new position in CrowdStrike during the 4th quarter worth $255,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Mizuho boosted their price objective on shares of CrowdStrike from $360.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Rosenblatt Securities boosted their price objective on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. HSBC boosted their price objective on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Oppenheimer boosted their price objective on shares of CrowdStrike from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, Evercore ISI boosted their price objective on shares of CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $373.29.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction 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 owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Burt W. Podbere sold 26,097 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.61, for a total transaction of $8,497,444.17. Following the completion of the sale, the chief financial officer now owns 347,792 shares of the company’s stock, valued at $113,244,553.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders sold 237,667 shares of company stock valued at $72,822,280 over the last quarter. Corporate insiders own 5.68% of the company’s stock.

CrowdStrike Trading Down 0.5 %

CRWD opened at $320.59 on Friday. The firm’s fifty day moving average is $316.43 and its two-hundred day moving average is $248.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market cap of $77.54 billion, a PE ratio of 890.55, a price-to-earnings-growth ratio of 12.82 and a beta of 1.06. CrowdStrike Holdings, Inc. has a twelve month low of $115.67 and a twelve month high of $365.00.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The company had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current 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.