Lindbrook Capital LLC Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Lindbrook Capital LLC increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 777 shares of the company’s stock after buying an additional 78 shares during the period. Lindbrook Capital LLC’s holdings in CrowdStrike were worth $198,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $26,000. Silver Oak Securities Incorporated bought a new position in shares of CrowdStrike in the third quarter valued at approximately $27,000. Bear Mountain Capital Inc. purchased a new position in CrowdStrike during the fourth quarter valued at approximately $27,000. Gradient Investments LLC increased its holdings in CrowdStrike by 1,818.2% during the 3rd quarter. Gradient Investments LLC now owns 211 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares during the period. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in CrowdStrike in the 4th quarter worth approximately $36,000. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CRWD. Canaccord Genuity Group upped their target price on CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Mizuho upped their price objective on shares of CrowdStrike from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. DA Davidson boosted their price target on shares of CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. HSBC increased their price target on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Scotiabank upped their target price on shares of CrowdStrike from $320.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders have sold a total of 223,544 shares of company stock valued at $72,113,932 in the last ninety days. 5.68% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

CRWD opened at $289.15 on Tuesday. CrowdStrike Holdings, Inc. has a 12-month low of $115.67 and a 12-month high of $365.00. The company has a market cap of $69.94 billion, a price-to-earnings ratio of 803.22, a price-to-earnings-growth ratio of 11.30 and a beta of 1.05. 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 stock has a fifty day simple moving average of $317.08 and a two-hundred day simple moving average of $265.99.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $845.34 million during 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.

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.