Cibc World Markets Corp Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cibc World Markets Corp bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) in the fourth quarter, Holdings Channel reports. The firm bought 2,595 shares of the company’s stock, valued at approximately $273,000.

A number of other large investors have also bought and sold shares of CRWD. ARK Investment Management LLC grew its position in shares of CrowdStrike by 39.9% in the fourth quarter. ARK Investment Management LLC now owns 116,495 shares of the company’s stock valued at $12,266,000 after purchasing an additional 33,210 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of CrowdStrike by 11.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 119,282 shares of the company’s stock valued at $12,476,000 after purchasing an additional 12,106 shares in the last quarter. Mutual Advisors LLC grew its position in shares of CrowdStrike by 2.2% in the fourth quarter. Mutual Advisors LLC now owns 10,795 shares of the company’s stock valued at $1,137,000 after purchasing an additional 236 shares in the last quarter. Pinnacle Associates Ltd. grew its position in shares of CrowdStrike by 1.4% in the fourth quarter. Pinnacle Associates Ltd. now owns 15,686 shares of the company’s stock valued at $2,197,000 after purchasing an additional 212 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. grew its position in shares of CrowdStrike by 4.1% in the third quarter. Laurel Wealth Advisors Inc. now owns 2,403 shares of the company’s stock valued at $396,000 after purchasing an additional 95 shares in the last quarter. 65.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 58,720 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $134.75, for a total value of $7,912,520.00. Following the completion of the sale, the chief executive officer now owns 1,004,878 shares in the company, valued at approximately $135,407,310.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Anurag Saha sold 845 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $131.85, for a total value of $111,413.25. Following the completion of the transaction, the chief accounting officer now owns 32,456 shares of the company’s stock, valued at approximately $4,279,323.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 58,720 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $134.75, for a total value of $7,912,520.00. Following the completion of the transaction, the chief executive officer now directly owns 1,004,878 shares of the company’s stock, valued at approximately $135,407,310.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,568 shares of company stock worth $12,663,171. 5.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CRWD has been the subject of several recent research reports. Wedbush lifted their price target on CrowdStrike from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, March 8th. Macquarie restated an “outperform” rating and set a $180.00 target price on shares of CrowdStrike in a research report on Thursday, April 6th. Morgan Stanley boosted their target price on CrowdStrike from $150.00 to $163.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 14th. Westpark Capital upgraded CrowdStrike from a “hold” rating to a “buy” rating in a research report on Wednesday, March 8th. Finally, JMP Securities restated a “market outperform” rating and set a $235.00 target price on shares of CrowdStrike in a research report on Wednesday, March 8th. Five research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $172.32.

CrowdStrike Stock Up 2.0 %

Shares of CRWD stock opened at $144.72 on Monday. CrowdStrike Holdings, Inc. has a 1-year low of $92.25 and a 1-year high of $205.73. The business has a 50-day moving average of $130.61 and a 200 day moving average of $121.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.73 and a current ratio of 1.73.

CrowdStrike (NASDAQ:CRWD – Get Rating) last released its quarterly earnings data on Tuesday, March 7th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). CrowdStrike had a negative return on equity of 12.20% and a negative net margin of 8.18%. The business had revenue of $637.37 million during the quarter, compared to analysts’ expectations of $624.68 million. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

CrowdStrike Company Profile

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CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.