Pittenger & Anderson Inc. Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pittenger & Anderson Inc. raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 319.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,975 shares of the company’s stock after acquiring an additional 3,790 shares during the quarter. Pittenger & Anderson Inc.’s holdings in CrowdStrike were worth $1,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Morgan Stanley grew its holdings in shares of CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after purchasing an additional 2,757,251 shares in the last quarter. Jennison Associates LLC grew its stake in shares of 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 acquiring an additional 1,581,796 shares in the last quarter. International Assets Investment Management LLC increased 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 acquiring an additional 731,057 shares during the period. Invesco Ltd. raised its stake in shares of CrowdStrike by 52.3% in the third quarter. Invesco Ltd. now owns 1,249,776 shares of the company’s stock valued at $209,188,000 after acquiring an additional 429,186 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in CrowdStrike by 17.9% in the third quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock valued at $463,482,000 after purchasing an additional 419,619 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $0.40 during midday trading on Thursday, hitting $298.02. The company had a trading volume of 1,771,672 shares, compared to its average volume of 3,544,397. The firm has a market capitalization of $72.08 billion, a price-to-earnings ratio of 824.92, a price-to-earnings-growth ratio of 11.98 and a beta of 1.05. CrowdStrike Holdings, Inc. has a twelve month low of $115.67 and a twelve month high of $365.00. The business has a 50-day simple moving average of $315.88 and a two-hundred day simple moving average of $267.07. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CRWD shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $400.00 price target on shares of CrowdStrike in a research report on Monday, April 8th. UBS Group increased their target price on CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. upped their price objective on CrowdStrike from $350.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. TD Cowen boosted their target price on CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, The Goldman Sachs Group raised their price objective on shares of CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $371.87.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the sale, the insider now owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated 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 transaction, 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 223,544 shares of company stock valued at $72,113,932 in the last 90 days. 5.68% of the stock is currently owned by insiders.

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.