CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. cut its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,810 shares of the company’s stock after selling 48 shares during the period. KLCM Advisors Inc.’s holdings in CrowdStrike were worth $717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CRWD. Morgan Stanley boosted its position in shares of CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after buying an additional 2,757,251 shares during the period. Alliancebernstein L.P. boosted its position in shares of CrowdStrike by 1,593.7% during the second quarter. Alliancebernstein L.P. now owns 2,643,904 shares of the company’s stock worth $388,310,000 after buying an additional 2,487,806 shares during the period. Norges Bank acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $244,740,000. T. Rowe Price Investment Management Inc. boosted its position in shares of CrowdStrike by 62.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock worth $396,019,000 after buying an additional 1,440,905 shares during the period. Finally, Clearbridge Investments LLC boosted its position in shares of CrowdStrike by 69.3% during the first quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock worth $524,750,000 after buying an additional 945,703 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Shawn Henry sold 14,815 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Shawn Henry sold 14,815 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 78,080 shares of the firm’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 transaction of $25,514,982.40. Following the completion of the transaction, the chief executive officer now directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The disclosure for this sale can be found here. Insiders have sold 219,544 shares of company stock valued at $70,878,772 over the last three months. 5.68% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial upped their target price on CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Wedbush upped their target price on CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Rosenblatt Securities restated a “buy” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Monday, April 8th. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 price target on shares of CrowdStrike in a report on Thursday, March 14th. Finally, KeyCorp boosted their price target on shares of CrowdStrike from $375.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $373.29.

CrowdStrike Price Performance

NASDAQ:CRWD traded down $4.71 during mid-day trading on Wednesday, hitting $294.44. The company’s stock had a trading volume of 1,322,418 shares, compared to its average volume of 3,632,390. The company has a market capitalization of $71.22 billion, a price-to-earnings ratio of 822.30, a P/E/G ratio of 11.98 and a beta of 1.05. The stock has a fifty day moving average of $319.71 and a 200-day moving average of $262.47. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $365.00.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data 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. The company had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. As a group, equities analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

About CrowdStrike

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.