K.J. Harrison & Partners Inc Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

K.J. Harrison & Partners Inc bought a new stake in 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 (SEC). The firm bought 2,200 shares of the company’s stock, valued at approximately $562,000.

Other large investors also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. increased its position in CrowdStrike by 2.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock worth $934,000 after buying an additional 141 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in CrowdStrike in the fourth quarter worth $1,228,000. Financial Counselors Inc. increased its position in CrowdStrike by 3.9% in the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after buying an additional 50 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its position in CrowdStrike by 17.1% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after buying an additional 23,265 shares during the last quarter. Finally, Highland Capital Management LLC boosted its stake in CrowdStrike by 0.6% during the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock valued at $8,286,000 after buying an additional 181 shares during the period. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. TD Cowen lifted their price objective on CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Scotiabank lifted 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. Needham & Company LLC lifted their price target on CrowdStrike from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Oppenheimer lifted their price target on CrowdStrike from $300.00 to $355.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada lifted their price target on CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Stock Up 2.0 %

Shares of CRWD traded up $6.05 during mid-day trading on Friday, reaching $304.07. The company had a trading volume of 2,007,839 shares, compared to its average volume of 2,018,688. 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 50-day moving average price of $314.71 and a 200 day moving average price of $268.13. CrowdStrike Holdings, Inc. has a 52 week low of $115.67 and a 52 week high of $365.00. The company has a market capitalization of $73.55 billion, a price-to-earnings ratio of 844.66, a price-to-earnings-growth ratio of 11.92 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The business had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. On average, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 18,747 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $6,107,772.60. Following the transaction, the president now directly owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 18,747 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 value of $6,107,772.60. Following the transaction, the president now directly owns 382,958 shares in the company, valued at $124,767,716.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is owned by corporate insiders.

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.