CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by M&T Bank Corp

M&T Bank Corp increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 69.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,023 shares of the company's stock after acquiring an additional 8,185 shares during the period. M&T Bank Corp's holdings in CrowdStrike were worth $5,112,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Cigna Investments Inc. New grew its position in CrowdStrike by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company's stock worth $592,000 after purchasing an additional 38 shares during the period. Quent Capital LLC grew its position in shares of CrowdStrike by 48.5% during the 4th quarter. Quent Capital LLC now owns 147 shares of the company's stock valued at $38,000 after acquiring an additional 48 shares during the period. Advisory Resource Group grew its position in shares of CrowdStrike by 0.7% during the 3rd quarter. Advisory Resource Group now owns 6,670 shares of the company's stock valued at $1,116,000 after acquiring an additional 49 shares during the period. Blue Bell Private Wealth Management LLC grew its position in shares of CrowdStrike by 23.9% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 254 shares of the company's stock valued at $65,000 after acquiring an additional 49 shares during the period. Finally, Modus Advisors LLC grew its position in shares of CrowdStrike by 1.7% during the 4th quarter. Modus Advisors LLC now owns 2,950 shares of the company's stock valued at $753,000 after acquiring an additional 50 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 1.7 %

CrowdStrike stock traded down $5.26 during midday trading on Tuesday, reaching $312.55. The stock had a trading volume of 3,195,894 shares, compared to its average volume of 3,475,364. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a 52-week low of $125.40 and a 52-week high of $365.00. The firm has a market cap of $75.60 billion, a price-to-earnings ratio of 868.22, a price-to-earnings-growth ratio of 12.41 and a beta of 1.08. The company has a fifty day moving average of $313.23 and a 200 day moving average of $275.18.

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

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total value of $17,131,890.39. Following the transaction, the chief executive officer now directly owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total value of $17,131,890.39. Following the transaction, the chief executive officer now directly owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,786 shares of the company's stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the transaction, the chief accounting officer now owns 34,350 shares in the company, valued at $11,387,712. The disclosure for this sale can be found here. Insiders have sold 295,576 shares of company stock worth $94,052,850 in the last three months. Corporate insiders own 5.68% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CRWD shares. Citigroup boosted their price objective on shares of CrowdStrike from $320.00 to $425.00 and gave the company a "buy" rating in a research report on Thursday, March 7th. Guggenheim boosted their price objective on shares of CrowdStrike from $358.00 to $424.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Oppenheimer upped their target price on shares of CrowdStrike from $300.00 to $355.00 and gave the stock an "outperform" rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. upped their target price on shares of CrowdStrike from $350.00 to $371.00 and gave the stock an "overweight" rating in a report on Wednesday, March 6th. Finally, Mizuho upped their target price on shares of CrowdStrike from $360.00 to $390.00 and gave the stock a "buy" 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $371.87.

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.