820 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Bought by Essex Savings Bank

Essex Savings Bank purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 820 shares of the company’s stock, valued at approximately $209,000.

Several other large investors have also made changes to their positions in CRWD. Zimmermann Investment Management & Planning LLC bought a new stake in CrowdStrike during the 4th quarter valued at approximately $293,000. Veracity Capital LLC bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $447,000. Cigna Investments Inc. New lifted its holdings in shares of CrowdStrike by 1.7% in the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after buying an additional 38 shares in the last quarter. Palumbo Wealth Management LLC bought a new position in shares of CrowdStrike during the fourth quarter worth $272,000. Finally, Chicago Capital LLC purchased a new position in CrowdStrike during the fourth quarter valued at $817,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. BTIG Research boosted their price target on shares of CrowdStrike from $322.00 to $432.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. UBS Group increased their price target on CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Wells Fargo & Company raised their price target on CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, March 4th. DA Davidson upped their price objective on CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group raised their target price on shares of CrowdStrike from $222.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $373.29.

View Our Latest Stock Analysis on CRWD

CrowdStrike Price Performance

Shares of CRWD stock opened at $319.55 on Wednesday. The stock’s 50-day moving average is $316.84 and its 200 day moving average is $251.04. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market cap of $77.29 billion, a P/E ratio of 887.66, a PEG ratio of 12.82 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. Research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Burt W. Podbere sold 64,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $316.48, for a total value of $20,254,720.00. Following the completion of the sale, the chief financial officer now owns 306,508 shares of the company’s stock, valued at approximately $97,003,651.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CrowdStrike news, CEO George Kurtz sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $283.69, for a total transaction of $17,021,400.00. Following the transaction, the chief executive officer now owns 1,020,194 shares in the company, valued at approximately $289,418,835.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 64,000 shares of CrowdStrike stock in a transaction on Monday, April 1st. The stock was sold at an average price of $316.48, for a total transaction of $20,254,720.00. Following the sale, the chief financial officer now owns 306,508 shares of the company’s stock, valued at $97,003,651.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 286,667 shares of company stock valued at $89,475,050. 5.68% of the stock is currently owned by insiders.

About CrowdStrike

(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.

Further Reading

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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