CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Cut by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,842 shares of the company’s stock after selling 4,172 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CrowdStrike were worth $17,577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. grew its holdings in CrowdStrike by 2.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,583 shares of the company’s stock worth $934,000 after buying an additional 141 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in CrowdStrike in the 4th quarter worth approximately $1,228,000. Financial Counselors Inc. grew its holdings in 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 in the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in CrowdStrike by 17.1% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after buying an additional 23,265 shares in the last quarter. Finally, Highland Capital Management LLC lifted its position in CrowdStrike by 0.6% in the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after purchasing an additional 181 shares during the period. 71.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRWD. Stifel Nicolaus upped their target price on CrowdStrike from $315.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Royal Bank of Canada upped their target price on CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. upped their target price on CrowdStrike from $350.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. BTIG Research upped their target price on CrowdStrike from $322.00 to $432.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, BMO Capital Markets upped their target price on CrowdStrike from $332.00 to $425.00 and gave the stock an “outperform” rating in a research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $371.87.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total transaction of $592,094.72. Following the transaction, the chief accounting officer now directly owns 34,350 shares of the company’s stock, valued at $11,387,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CAO Anurag Saha sold 1,786 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total value of $592,094.72. Following the sale, the chief accounting officer now directly owns 34,350 shares of the company’s stock, valued at $11,387,712. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock valued at $72,113,932 over the last three months. 5.68% of the stock is currently owned by insiders.

CrowdStrike Trading Up 0.1 %

NASDAQ CRWD opened at $294.10 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. 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 capitalization of $71.13 billion, a PE ratio of 816.97, a price-to-earnings-growth ratio of 11.96 and a beta of 1.05. The firm’s fifty day simple moving average is $318.65 and its 200-day simple moving average is $262.91.

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