Delta Investment Management LLC Purchases 149 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Delta Investment Management LLC grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,868 shares of the company’s stock after purchasing an additional 149 shares during the quarter. Delta Investment Management LLC’s holdings in CrowdStrike were worth $732,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Capital Investment Advisors LLC bought a new stake in shares of CrowdStrike during the 3rd quarter valued at about $277,000. DAVENPORT & Co LLC lifted its position in shares of CrowdStrike by 42.6% during the 3rd quarter. DAVENPORT & Co LLC now owns 2,813 shares of the company’s stock valued at $471,000 after acquiring an additional 841 shares during the period. Exchange Traded Concepts LLC boosted its stake in CrowdStrike by 70.8% during the third quarter. Exchange Traded Concepts LLC now owns 9,552 shares of the company’s stock worth $1,599,000 after acquiring an additional 3,960 shares in the last quarter. Private Trust Co. NA grew its holdings in CrowdStrike by 106.7% in the third quarter. Private Trust Co. NA now owns 1,980 shares of the company’s stock worth $331,000 after purchasing an additional 1,022 shares during the period. Finally, Caprock Group LLC increased its stake in CrowdStrike by 3.4% in the third quarter. Caprock Group LLC now owns 2,402 shares of the company’s stock valued at $402,000 after purchasing an additional 80 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Up 2.0 %

Shares of CRWD opened at $304.07 on Friday. CrowdStrike Holdings, Inc. has a twelve month low of $115.67 and a twelve month high of $365.00. The stock has a market cap of $73.55 billion, a PE ratio of 844.66, a P/E/G ratio of 12.16 and a beta of 1.05. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The business’s 50-day moving average price is $314.71 and its 200-day moving average price is $268.72.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (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 analysts’ expectations of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. On average, equities analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. Needham & Company LLC raised their price objective on CrowdStrike from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Sanford C. Bernstein started coverage on CrowdStrike in a research report on Thursday, January 18th. They set an “outperform” rating and a $334.00 target price on the stock. KeyCorp reduced their price target on shares of CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Finally, Guggenheim upped their price objective on shares of CrowdStrike from $358.00 to $424.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $371.87.

Insider Activity at CrowdStrike

In other CrowdStrike news, 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 sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO George Kurtz sold 78,080 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $375,176,771.56. The sale 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 CrowdStrike stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the sale, the president now directly owns 382,958 shares of the company’s stock, valued at $124,767,716.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 223,544 shares of company stock valued at $72,113,932. Company 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.