MGO Private Wealth LLC Increases Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

MGO Private Wealth LLC grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,667 shares of the company’s stock after acquiring an additional 252 shares during the quarter. MGO Private Wealth LLC’s holdings in CrowdStrike were worth $426,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CVA Family Office LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at about $26,000. Silver Oak Securities Incorporated purchased a new stake in CrowdStrike in the 3rd quarter worth about $27,000. Bear Mountain Capital Inc. purchased a new stake in CrowdStrike in the 4th quarter worth about $27,000. Gradient Investments LLC raised its position in CrowdStrike by 1,818.2% in the 3rd quarter. Gradient Investments LLC now owns 211 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in CrowdStrike in the 4th quarter worth about $36,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In related 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 completion of the transaction, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Anurag Saha sold 1,019 shares of the firm’s 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 completion of the transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $25,514,982.40. Following the completion of the transaction, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 223,544 shares of company stock worth $72,113,932. Company insiders own 5.68% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded up $6.05 on Friday, hitting $304.07. 2,007,839 shares of the company were exchanged, compared to its average volume of 2,018,688. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. The stock’s 50 day moving average price is $314.71 and its 200 day moving average price is $268.72. 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 firm has a market capitalization of $73.55 billion, a P/E ratio of 844.66, a price-to-earnings-growth ratio of 12.16 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The business had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. Sell-side analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRWD. Susquehanna increased their price objective on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. Jefferies Financial Group increased their price objective on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Needham & Company LLC raised their target price on shares of CrowdStrike from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Macquarie reaffirmed an “outperform” rating and set a $370.00 target price on shares of CrowdStrike in a research report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of CrowdStrike from $350.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $371.87.

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.