Apollon Wealth Management LLC Buys 1,964 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Apollon Wealth Management LLC boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 21.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,056 shares of the company’s stock after purchasing an additional 1,964 shares during the quarter. Apollon Wealth Management LLC’s holdings in CrowdStrike were worth $2,823,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in shares of CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after acquiring an additional 2,757,251 shares during the last quarter. Jennison Associates LLC raised its holdings in CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after purchasing an additional 1,581,796 shares during the period. International Assets Investment Management LLC boosted its position in shares of CrowdStrike by 22,542.6% during the fourth quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock worth $187,481,000 after purchasing an additional 731,057 shares in the last quarter. Invesco Ltd. grew its holdings in shares of CrowdStrike by 52.3% in the 3rd quarter. Invesco Ltd. now owns 1,249,776 shares of the company’s stock valued at $209,188,000 after buying an additional 429,186 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of CrowdStrike by 17.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock valued at $463,482,000 after buying an additional 419,619 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CRWD. Macquarie reissued an “outperform” rating and issued a $370.00 target price on shares of CrowdStrike in a research note on Tuesday, March 19th. Evercore ISI lifted their price target on shares of CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Raymond James began coverage on shares of CrowdStrike in a research report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 price objective for the company. JMP Securities boosted their price objective on shares of CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” rating in a research report on Wednesday, March 6th. Finally, Citigroup increased their target price on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.87.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The shares were 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 owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 14,815 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total value of $4,827,467.75. Following the completion of the sale, the insider now owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 295,576 shares of company stock valued at $94,052,850. 5.68% of the stock is owned by company insiders.

CrowdStrike Stock Performance

CrowdStrike stock traded down $5.26 during trading hours on Tuesday, hitting $312.55. The company had a trading volume of 3,195,894 shares, compared to its average volume of 3,475,364. CrowdStrike Holdings, Inc. has a one year low of $125.40 and a one year high of $365.00. The firm has a market cap of $75.60 billion, a PE ratio of 874.86, a PEG ratio of 12.41 and a beta of 1.08. The firm has a 50-day moving average of $313.41 and a 200 day moving average of $274.24. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping 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 company had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. On average, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current 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.