SlateStone Wealth LLC Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SlateStone Wealth LLC increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 157.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,500 shares of the company’s stock after purchasing an additional 3,980 shares during the period. SlateStone Wealth LLC’s holdings in CrowdStrike were worth $1,660,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. PDS Planning Inc purchased a new stake in CrowdStrike in the 4th quarter valued at about $223,000. Aspire Private Capital LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $678,000. California Public Employees Retirement System raised its holdings in shares of CrowdStrike by 1.2% in the 4th quarter. California Public Employees Retirement System now owns 390,531 shares of the company’s stock valued at $99,710,000 after purchasing an additional 4,780 shares in the last quarter. RWA Wealth Partners LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $232,000. Finally, Jennison Associates LLC raised its holdings in shares of CrowdStrike by 33.2% in 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 in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded up $2.65 during midday trading on Wednesday, hitting $302.30. The company’s stock had a trading volume of 220,851 shares, compared to its average volume of 3,548,663. The business’s 50 day simple moving average is $316.62 and its 200 day simple moving average is $266.85. 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 company has a market cap of $73.12 billion, a P/E ratio of 832.38, a price-to-earnings-growth ratio of 11.56 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 12-month low of $115.67 and a 12-month high of $365.00.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping 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 company had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRWD. KeyCorp reduced their price objective on shares of CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Piper Sandler boosted their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. BTIG Research boosted their price objective on shares of CrowdStrike from $322.00 to $432.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Guggenheim boosted their price objective on shares of CrowdStrike from $358.00 to $424.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Oppenheimer raised their price target on shares of CrowdStrike from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. One investment 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 presently has an average rating of “Moderate Buy” and an average price target of $371.87.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Shawn Henry sold 4,000 shares of the business’s 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 of the company’s stock, valued at approximately $64,525,067.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,786 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the sale, the chief accounting officer now directly owns 34,350 shares in the company, valued at $11,387,712. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock valued at $72,113,932 over the last ninety days. Company insiders own 5.68% of the company’s stock.

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.