MinichMacGregor Wealth Management LLC Has $6.83 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

MinichMacGregor Wealth Management LLC grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,758 shares of the company's stock after acquiring an additional 2,475 shares during the period. CrowdStrike accounts for 2.0% of MinichMacGregor Wealth Management LLC's holdings, making the stock its 16th largest position. MinichMacGregor Wealth Management LLC's holdings in CrowdStrike were worth $6,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. CVA Family Office LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $26,000. Hexagon Capital Partners LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $26,000. Bear Mountain Capital Inc. acquired a new position in CrowdStrike during the fourth quarter valued at approximately $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in CrowdStrike during the fourth quarter valued at approximately $36,000. Finally, Quent Capital LLC raised its position in CrowdStrike by 48.5% during the fourth quarter. Quent Capital LLC now owns 147 shares of the company's stock valued at $38,000 after purchasing an additional 48 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CRWD. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $350.00 to $371.00 and gave the stock an "overweight" rating in a report on Wednesday, March 6th. Piper Sandler upped their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the stock an "overweight" rating in a report on Wednesday, March 6th. Wells Fargo & Company boosted their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an "overweight" rating in a research note on Monday, March 4th. Barclays boosted their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 6th. Finally, KeyCorp reduced their price objective on shares of CrowdStrike from $430.00 to $376.00 and set an "overweight" rating on the stock in a research note on Thursday, April 18th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $371.87.

Insider Activity

In other news, CEO George Kurtz sold 78,080 shares of the firm's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the sale, the chief executive officer now owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the transaction, the chief executive officer now owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 295,576 shares of company stock worth $94,052,850. 5.68% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

NASDAQ:CRWD traded up $10.37 during trading hours on Tuesday, hitting $329.55. The stock had a trading volume of 2,946,299 shares, compared to its average volume of 3,414,660. The company has a 50 day simple moving average of $313.20 and a two-hundred day simple moving average of $279.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. CrowdStrike Holdings, Inc. has a one year low of $130.41 and a one year high of $365.00. The firm has a market capitalization of $79.71 billion, a price-to-earnings ratio of 915.42, a P/E/G ratio of 12.83 and a beta of 1.08.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. Research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

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.

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