Azimuth Capital Investment Management LLC Invests $10.32 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Azimuth Capital Investment Management LLC acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,414 shares of the company’s stock, valued at approximately $10,319,000.

Several other institutional investors have also recently made changes to their positions in CRWD. Vinva Investment Management Ltd raised its stake in CrowdStrike by 41.2% during the 4th quarter. Vinva Investment Management Ltd now owns 7,840 shares of the company’s stock worth $2,008,000 after acquiring an additional 2,287 shares during the period. Morningstar Investment Services LLC bought a new stake in CrowdStrike during the 4th quarter worth approximately $210,000. Envestnet Asset Management Inc. raised its stake in CrowdStrike by 2.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 323,549 shares of the company’s stock worth $82,609,000 after acquiring an additional 8,284 shares during the period. Pinebridge Investments L.P. raised its stake in CrowdStrike by 74.8% during the 4th quarter. Pinebridge Investments L.P. now owns 108,383 shares of the company’s stock worth $27,670,000 after acquiring an additional 46,382 shares during the period. Finally, Cibc World Markets Corp raised its stake in CrowdStrike by 49.9% during the 4th quarter. Cibc World Markets Corp now owns 38,987 shares of the company’s stock worth $9,954,000 after acquiring an additional 12,983 shares during the period. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Evercore ISI raised their target price on shares of CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. HSBC lifted their price objective on shares of CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Mizuho reduced their price objective on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday. TD Cowen lifted their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Finally, The Goldman Sachs Group lifted their price objective on shares of CrowdStrike from $222.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.61.

Read Our Latest Report on CRWD

CrowdStrike Stock Up 2.5 %

Shares of CRWD stock traded up $8.63 on Friday, hitting $349.12. The stock had a trading volume of 5,096,773 shares, compared to its average volume of 3,822,291. The company has a quick ratio of 1.76, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $318.63 and a 200 day moving average price of $297.16. The company has a market cap of $84.44 billion, a PE ratio of 658.73, a P/E/G ratio of 14.02 and a beta of 1.08. CrowdStrike Holdings, Inc. has a one year low of $139.37 and a one year high of $365.00.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share 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 return on equity of 7.39% and a net margin of 4.01%. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.1 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 1,148,102 shares in the company, valued at $375,176,771.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction that occurred 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 directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The disclosure for this sale can be found here. Insiders sold 317,000 shares of company stock worth $101,229,160 over the last three months. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Profile

(Free Report)

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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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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