Confluence Wealth Services Inc. Makes New $240,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Confluence Wealth Services Inc. purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, Holdings Channel.com reports. The fund purchased 940 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Vanguard Group Inc. boosted its position in shares of CrowdStrike by 1.0% in the third quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock worth $2,463,451,000 after buying an additional 150,898 shares during the period. BlackRock Inc. raised its stake in CrowdStrike by 1.9% during the first quarter. BlackRock Inc. now owns 13,668,541 shares of the company’s stock valued at $1,876,144,000 after buying an additional 255,625 shares in the last quarter. Morgan Stanley raised its stake in CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after buying an additional 2,757,251 shares in the last quarter. State Street Corp raised its position in shares of CrowdStrike by 3.0% during the 1st quarter. State Street Corp now owns 4,322,377 shares of the company’s stock worth $593,280,000 after purchasing an additional 127,620 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of CrowdStrike by 62.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock worth $396,019,000 after purchasing an additional 1,440,905 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CRWD shares. Wells Fargo & Company increased their price target on CrowdStrike from $315.00 to $380.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Morgan Stanley increased their price target on CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Needham & Company LLC increased their price target on CrowdStrike from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Guggenheim raised their price objective on CrowdStrike from $358.00 to $424.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Monday. One analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $373.29.

CrowdStrike Stock Down 0.9 %

NASDAQ:CRWD opened at $310.77 on Wednesday. The stock’s fifty day moving average price is $318.95 and its two-hundred day moving average price is $257.39. CrowdStrike Holdings, Inc. has a 52-week low of $115.67 and a 52-week high of $365.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market cap of $75.17 billion, a price-to-earnings ratio of 863.27, a P/E/G ratio of 12.62 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last posted 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 company had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Insider Activity

In other news, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $316.82, for a total value of $4,752,300.00. Following the transaction, the director now owns 839,234 shares of the company’s stock, valued at approximately $265,886,115.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the transaction, the chief executive officer now owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $316.82, for a total value of $4,752,300.00. Following the transaction, the director now owns 839,234 shares of the company’s stock, valued at approximately $265,886,115.88. The disclosure for this sale can be found here. Insiders have sold a total of 301,667 shares of company stock valued at $94,227,350 in the last 90 days. 5.68% of the stock is owned by company insiders.

CrowdStrike 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.