Axxcess Wealth Management LLC Purchases Shares of 849 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Axxcess Wealth Management LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 849 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRWD. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of CrowdStrike by 2.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock valued at $934,000 after acquiring an additional 141 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in CrowdStrike during the fourth quarter valued at approximately $1,228,000. Financial Counselors Inc. increased its holdings in shares of CrowdStrike by 3.9% in the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after buying an additional 50 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its position in shares of CrowdStrike by 17.1% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock valued at $40,647,000 after buying an additional 23,265 shares in the last quarter. Finally, Highland Capital Management LLC lifted its holdings in shares of CrowdStrike by 0.6% during the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after acquiring an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

CRWD opened at $317.94 on Friday. 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 company has a market cap of $76.90 billion, a price-to-earnings ratio of 883.17, a price-to-earnings-growth ratio of 12.41 and a beta of 1.08. The stock has a fifty day simple moving average of $313.09 and a two-hundred day simple moving average of $275.45. CrowdStrike Holdings, Inc. has a 12-month low of $129.25 and a 12-month high of $365.00.

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

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the transaction, the chief executive officer now owns 1,148,102 shares in the company, valued at $375,176,771.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value 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 $375,176,771.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 18,747 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $6,107,772.60. Following the sale, the president now directly owns 382,958 shares in the company, valued at $124,767,716.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 295,576 shares of company stock worth $94,052,850. 5.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. HSBC raised their price target on CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Mizuho upped their target price on CrowdStrike from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Citigroup upped their price objective on shares of CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, Wedbush lifted their target price on shares of CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $371.87.

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.