Bernard Wealth Management Corp. Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bernard Wealth Management Corp. purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,049 shares of the company's stock, valued at approximately $2,070,000. CrowdStrike accounts for approximately 1.0% of Bernard Wealth Management Corp.'s investment portfolio, making the stock its 22nd largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Primoris Wealth Advisors LLC purchased a new stake in CrowdStrike in the 4th quarter worth approximately $2,166,000. Arcadia Investment Management Corp MI increased its stake in shares of CrowdStrike by 30.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after purchasing an additional 2,814 shares in the last quarter. Greenleaf Trust raised its position in shares of CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company's stock valued at $1,015,000 after purchasing an additional 1,033 shares during the period. Trifecta Capital Advisors LLC lifted its stake in shares of CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after buying an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of CrowdStrike by 42.6% during the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock valued at $15,263,000 after buying an additional 13,323 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CRWD shares. Stephens began coverage on CrowdStrike in a research report on Tuesday, April 1st. They issued an "overweight" rating and a $450.00 price objective on the stock. Raymond James cut CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. Mizuho downgraded CrowdStrike from an "outperform" rating to a "neutral" rating and set a $425.00 price target for the company. in a research note on Thursday, May 15th. UBS Group reduced their price objective on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $450.00 target price on shares of CrowdStrike in a report on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $404.43.

CrowdStrike Trading Down 1.4%

CRWD stock traded down $6.43 during mid-day trading on Thursday, reaching $462.41. The company had a trading volume of 1,954,437 shares, compared to its average volume of 5,113,020. The company has a market capitalization of $114.62 billion, a PE ratio of 904.84, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The firm has a 50 day moving average of $400.84 and a 200 day moving average of $382.00. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $475.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares of the company's stock, valued at approximately $31,669,042. This represents a 4.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Sentonas sold 13,543 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the transaction, the president now directly owns 405,308 shares in the company, valued at approximately $145,351,554.96. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 195,431 shares of company stock valued at $79,162,548 in the last ninety days. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Company 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.