Thrivent Financial for Lutherans Has $1.16 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Thrivent Financial for Lutherans raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 255.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,040 shares of the company’s stock after purchasing an additional 7,933 shares during the period. Thrivent Financial for Lutherans’ holdings in CrowdStrike were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Mach 1 Financial Group LLC acquired a new position in CrowdStrike during the 3rd quarter valued at about $27,000. Glassman Wealth Services lifted its position in CrowdStrike by 41.9% during the 4th quarter. Glassman Wealth Services now owns 325 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares during the period. Psagot Value Holdings Ltd. Israel acquired a new position in CrowdStrike during the 4th quarter valued at about $37,000. Guardian Wealth Advisors LLC acquired a new position in CrowdStrike during the 3rd quarter valued at about $38,000. Finally, Accurate Wealth Management LLC acquired a new position in CrowdStrike during the 4th quarter valued at about $38,000. 65.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRWD. Macquarie reiterated an “outperform” rating and issued a $180.00 price target on shares of CrowdStrike in a research report on Thursday, April 6th. Deutsche Bank Aktiengesellschaft increased their price target on shares of CrowdStrike from $115.00 to $130.00 in a research report on Wednesday, March 8th. Westpark Capital upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating in a research report on Wednesday, March 8th. Guggenheim reiterated a “buy” rating and issued a $147.00 price target on shares of CrowdStrike in a research report on Wednesday, March 8th. Finally, Morgan Stanley increased their price target on shares of CrowdStrike from $150.00 to $163.00 and gave the company an “overweight” rating in a research report on Tuesday, March 14th. Five equities research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $172.32.

Insider Transactions at CrowdStrike

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

CrowdStrike Trading Up 1.9 %

Shares of CrowdStrike stock opened at $147.41 on Tuesday. The business has a fifty day simple moving average of $131.13 and a two-hundred day simple moving average of $121.34. CrowdStrike Holdings, Inc. has a 1 year low of $92.25 and a 1 year high of $205.73. The company has a market capitalization of $34.77 billion, a price-to-earnings ratio of -186.59 and a beta of 1.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.73 and a quick ratio of 1.73.

CrowdStrike (NASDAQ:CRWD – Get Rating) last announced its quarterly earnings results on Tuesday, March 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.01). CrowdStrike had a negative net margin of 8.18% and a negative return on equity of 12.20%. The business had revenue of $637.37 million for the quarter, compared to analyst estimates of $624.68 million. Research analysts forecast that CrowdStrike Holdings, Inc. will post -0.22 EPS for the current year.

About CrowdStrike

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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.