Abbot Financial Management Inc. Raises Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Abbot Financial Management Inc. boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,287 shares of the company’s stock after purchasing an additional 168 shares during the quarter. Abbot Financial Management Inc.’s holdings in CrowdStrike were worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley boosted its stake in CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after buying an additional 2,757,251 shares in the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike in the 4th quarter valued at $683,336,000. Jennison Associates LLC grew its holdings in shares of CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after purchasing an additional 1,581,796 shares during the last quarter. International Assets Investment Management LLC raised its position in CrowdStrike by 22,542.6% in the 4th 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 during the period. Finally, Invesco Ltd. raised its position in CrowdStrike by 52.3% in the 3rd quarter. Invesco Ltd. now owns 1,249,776 shares of the company’s stock worth $209,188,000 after purchasing an additional 429,186 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 78,080 shares of the stock in a transaction that occurred on 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the completion of the sale, the insider now owns 204,961 shares of the company’s stock, valued at $68,358,592.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 78,080 shares of the firm’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 transaction, the chief executive officer now directly owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 311,576 shares of company stock worth $99,336,130. 4.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. UBS Group raised their price objective on CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Macquarie reaffirmed an “outperform” rating and issued a $370.00 price target on shares of CrowdStrike in a research note on Tuesday, March 19th. Scotiabank increased their price objective on CrowdStrike from $320.00 to $400.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 6th. HSBC lifted their target price on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Robert W. Baird raised their price target on shares of CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $371.87.

Get Our Latest Research Report on CRWD

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded up $0.57 during midday trading on Tuesday, reaching $349.32. 2,098,435 shares of the company’s stock traded hands, compared to its average volume of 3,358,200. CrowdStrike Holdings, Inc. has a one year low of $139.37 and a one year high of $365.00. The stock has a 50 day moving average of $315.38 and a 200 day moving average of $284.93. The company has a market cap of $84.49 billion, a price-to-earnings ratio of 971.28, a P/E/G ratio of 13.84 and a beta of 1.08. 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 (NASDAQ:CRWDGet Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The firm had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. As a group, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

CrowdStrike Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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