KLCM Advisors Inc. Cuts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

KLCM Advisors Inc. cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,810 shares of the company’s stock after selling 48 shares during the period. KLCM Advisors Inc.’s holdings in CrowdStrike were worth $717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of 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 acquiring an additional 141 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in CrowdStrike during the fourth quarter worth $1,228,000. Financial Counselors Inc. boosted its stake in CrowdStrike by 3.9% during 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. boosted its stake in CrowdStrike by 17.1% during 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 worth $8,286,000 after buying an additional 181 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRWD. Susquehanna upped their price target on CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a research note on Thursday, March 7th. Mizuho upped their price target on CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Barclays upped their price target on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, April 8th. Finally, HSBC boosted their price objective on CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a report 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $373.29.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the sale, the chief executive officer now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the sale, the chief executive officer now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 14,815 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.85, for a total value of $4,827,467.75. Following the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The disclosure for this sale can be found here. Insiders sold a total of 219,544 shares of company stock valued at $70,878,772 in the last three months. 5.68% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded down $4.71 during trading hours on Wednesday, reaching $294.44. The stock had a trading volume of 1,322,418 shares, compared to its average volume of 3,632,390. The firm has a market cap of $71.22 billion, a price-to-earnings ratio of 822.30, a PEG ratio of 11.98 and a beta of 1.05. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $365.00. The firm has a 50-day moving average of $319.71 and a 200-day moving average of $262.47.

CrowdStrike (NASDAQ:CRWD) last announced its 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. The firm had revenue of $845.34 million during 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%. Equities research analysts predict 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.