Brighton Jones LLC Has $1.13 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Brighton Jones LLC reduced its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,433 shares of the company’s stock after selling 447 shares during the quarter. Brighton Jones LLC’s holdings in CrowdStrike were worth $1,132,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Tokio Marine Asset Management Co. Ltd. lifted 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 valued at $934,000 after buying an additional 141 shares during the period. CHURCHILL MANAGEMENT Corp bought a new stake in shares of CrowdStrike in the fourth quarter valued at about $1,228,000. Financial Counselors Inc. lifted its stake in shares of CrowdStrike by 3.9% in the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after buying an additional 50 shares during the period. Ferguson Wellman Capital Management Inc. lifted its stake in shares of CrowdStrike by 17.1% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock valued at $40,647,000 after buying an additional 23,265 shares during the period. Finally, Highland Capital Management LLC lifted its stake in shares of CrowdStrike by 0.6% in 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. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Trading Down 3.8 %

CRWD opened at $292.54 on Wednesday. The firm’s fifty day simple moving average is $313.58 and its 200 day simple moving average is $270.86. 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 12 month low of $115.67 and a 12 month high of $365.00. The stock has a market capitalization of $70.76 billion, a P/E ratio of 812.63, a P/E/G ratio of 12.16 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last issued 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. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The firm had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CRWD. BTIG Research increased their target price on shares of CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Royal Bank of Canada raised their price target on shares of CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. DA Davidson raised their price target on shares of CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. UBS Group raised their price target on shares of CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Morgan Stanley raised their price target on shares of CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.87.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s 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 completion of the sale, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock valued at $72,113,932 in the last three months. 5.68% of the stock is currently 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.