Cookson Peirce & Co. Inc. Purchases 42,222 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cookson Peirce & Co. Inc. increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 391.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,016 shares of the company's stock after purchasing an additional 42,222 shares during the period. Cookson Peirce & Co. Inc.'s holdings in CrowdStrike were worth $13,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CVA Family Office LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth about $26,000. Bear Mountain Capital Inc. acquired a new stake in CrowdStrike in the 4th quarter valued at about $27,000. McGlone Suttner Wealth Management Inc. acquired a new stake in CrowdStrike in the 4th quarter valued at about $36,000. Quent Capital LLC lifted its stake in CrowdStrike by 48.5% in the 4th quarter. Quent Capital LLC now owns 147 shares of the company's stock valued at $38,000 after purchasing an additional 48 shares during the last quarter. Finally, Silver Oak Securities Incorporated acquired a new stake in CrowdStrike in the 3rd quarter valued at about $27,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $316.82, for a total transaction of $4,752,300.00. Following the completion of the transaction, the director now owns 839,234 shares of the company's stock, valued at $265,886,115.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction 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 transaction, the chief accounting officer now directly owns 36,136 shares of the company's stock, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,544 shares of company stock worth $70,878,772. Company insiders own 5.68% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CRWD. Macquarie reiterated an "outperform" rating and issued a $370.00 target price on shares of CrowdStrike in a research note on Tuesday, March 19th. JMP Securities increased their price target on shares of CrowdStrike from $330.00 to $400.00 and gave the company a "market outperform" rating in a report on Wednesday, March 6th. Guggenheim increased their price target on shares of CrowdStrike from $358.00 to $424.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Morgan Stanley increased their price target on shares of CrowdStrike from $304.00 to $372.00 and gave the company an "overweight" rating in a report on Wednesday, March 13th. Finally, KeyCorp increased 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 equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $373.29.

CrowdStrike Price Performance

CrowdStrike stock traded down $0.35 during mid-day trading on Tuesday, reaching $299.15. The company had a trading volume of 1,826,428 shares, compared to its average volume of 3,664,946. CrowdStrike Holdings, Inc. has a fifty-two week low of $115.67 and a fifty-two week 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 cap of $72.36 billion, a P/E ratio of 831.00, a P/E/G ratio of 12.36 and a beta of 1.05. The business has a fifty day simple moving average of $319.71 and a 200 day simple moving average of $262.47.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The firm had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current 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.