Charles Schwab Investment Management Inc. Grows Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Charles Schwab Investment Management Inc. increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 791,803 shares of the company’s stock after acquiring an additional 32,838 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.33% of CrowdStrike worth $202,163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Morgan Stanley boosted its stake 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 during the period. Jennison Associates LLC raised its holdings in CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after acquiring an additional 1,581,796 shares in the last quarter. International Assets Investment Management LLC lifted its stake in CrowdStrike by 22,542.6% in 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 last quarter. Invesco Ltd. grew its holdings in CrowdStrike by 52.3% during the 3rd quarter. Invesco Ltd. now owns 1,249,776 shares of the company’s stock worth $209,188,000 after acquiring an additional 429,186 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of CrowdStrike by 17.9% in the 3rd 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 last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Up 1.3 %

CRWD opened at $317.94 on Friday. The business has a 50 day simple moving average of $313.09 and a 200-day simple moving average of $275.45. CrowdStrike Holdings, Inc. has a 12 month low of $129.25 and a 12 month high of $365.00. The stock has a market capitalization of $76.90 billion, a P/E ratio of 883.17, a P/E/G ratio of 12.41 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76.

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

Insiders Place Their Bets

In other news, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the firm’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 in the company, valued at approximately $11,773,108.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 295,576 shares of company stock worth $94,052,850. 5.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group boosted their target price 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. KeyCorp dropped their price objective on CrowdStrike from $430.00 to $376.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Piper Sandler boosted their target price on CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. DA Davidson raised their price objective on shares of CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Oppenheimer upped their target price on shares of CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $371.87.

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.