Primecap Management Co. CA Cuts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Primecap Management Co. CA trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 201,885 shares of the company’s stock after selling 200 shares during the period. Primecap Management Co. CA’s holdings in CrowdStrike were worth $51,545,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CVA Family Office LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $26,000. Hexagon Capital Partners LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $26,000. Bear Mountain Capital Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $27,000. Johnson Financial Group Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $31,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in CrowdStrike during the fourth quarter worth $36,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 2.7 %

NASDAQ:CRWD traded up $9.12 during trading hours on Friday, hitting $351.47. The company’s stock had a trading volume of 2,669,970 shares, compared to its average volume of 2,452,240. The stock has a market capitalization of $85.01 billion, a P/E ratio of 976.33, a price-to-earnings-growth ratio of 14.06 and a beta of 1.08. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $317.04 and a 200-day moving average of $288.68. CrowdStrike Holdings, Inc. has a 52-week low of $139.37 and a 52-week high of $365.00.

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

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 5,424 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $349.01, for a total transaction of $1,893,030.24. Following the transaction, the chief financial officer now directly owns 308,593 shares of the company’s stock, valued at approximately $107,702,042.93. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the completion of the sale, the insider now owns 204,961 shares of the company’s stock, valued at $68,358,592.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Burt W. Podbere sold 5,424 shares of CrowdStrike stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $349.01, for a total value of $1,893,030.24. Following the completion of the transaction, the chief financial officer now directly owns 308,593 shares in the company, valued at $107,702,042.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 317,000 shares of company stock valued at $101,229,160. 4.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CRWD shares. UBS Group lifted their price target on CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Tuesday, May 14th. Wedbush boosted their target price on shares of CrowdStrike from $278.00 to $350.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Macquarie restated an “outperform” rating and set a $370.00 price target on shares of CrowdStrike in a report on Tuesday, March 19th. Finally, Piper Sandler upped their price objective on CrowdStrike from $300.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

Check Out Our Latest Analysis on CrowdStrike

CrowdStrike Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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