Bernard Wealth Management Corp. Makes New $2.07 Million Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

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

Several other large investors also recently modified their holdings of the stock. FPC Investment Advisory Inc. raised its holdings in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC bought a new position in shares of CrowdStrike during the fourth quarter worth approximately $34,000. Crowley Wealth Management Inc. acquired a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. Millstone Evans Group LLC bought a new stake in CrowdStrike in the 4th quarter valued at $34,000. Finally, Bellwether Advisors LLC acquired a new position in CrowdStrike in the 4th quarter valued at $37,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 3.7%

CRWD traded up $16.63 during trading on Tuesday, hitting $472.22. The company's stock had a trading volume of 3,992,982 shares, compared to its average volume of 5,126,759. The firm has a market capitalization of $117.05 billion, a P/E ratio of 925.94, a PEG ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $474.19. The stock's fifty day moving average price is $396.65 and its 200-day moving average price is $380.76. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. This trade represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,431 shares of company stock worth $74,472,548 in the last quarter. 3.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CRWD shares. Roth Capital initiated coverage on CrowdStrike in a report on Wednesday, April 23rd. They set a "buy" rating and a $410.00 target price for the company. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Stifel Nicolaus set a $480.00 price target on CrowdStrike and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Canaccord Genuity Group upped their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Three 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 given a strong buy rating to the company. According to MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target of $403.83.

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.