Valley Brook Capital Group Inc. Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Valley Brook Capital Group Inc. acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 925 shares of the company’s stock, valued at approximately $236,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. increased its stake 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 period. CHURCHILL MANAGEMENT Corp bought a new position in shares of CrowdStrike in the 4th quarter valued at $1,228,000. Financial Counselors Inc. increased its stake in shares of CrowdStrike by 3.9% in the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after purchasing an additional 50 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in shares of CrowdStrike by 17.1% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock valued at $40,647,000 after purchasing an additional 23,265 shares during the last quarter. Finally, Highland Capital Management LLC increased its stake in shares of CrowdStrike by 0.6% in the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock valued at $8,286,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Oppenheimer lifted their price target on CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Sanford C. Bernstein assumed coverage on CrowdStrike in a research note on Thursday, January 18th. They issued an “outperform” rating and a $334.00 price target on the stock. Barclays lifted their price target on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. HSBC raised their price objective on CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Evercore ISI raised their price objective on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Stock Up 2.2 %

CrowdStrike stock traded up $6.67 during midday trading on Friday, reaching $310.21. The stock had a trading volume of 4,080,846 shares, compared to its average volume of 2,179,299. CrowdStrike Holdings, Inc. has a 12 month low of $117.45 and a 12 month high of $365.00. The company has a market capitalization of $75.03 billion, a P/E ratio of 861.72, a PEG ratio of 12.41 and a beta of 1.08. The company has a fifty day moving average price of $313.47 and a two-hundred day moving average price of $273.30. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $839.08 million. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction 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 approximately $375,176,771.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction 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 approximately $375,176,771.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,786 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total value of $592,094.72. Following the sale, the chief accounting officer now directly owns 34,350 shares of the company’s stock, valued at $11,387,712. The disclosure for this sale can be found here. Insiders sold 223,544 shares of company stock valued at $72,113,932 in the last three months. Corporate insiders own 5.68% of the company’s stock.

CrowdStrike Company 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.