Confluence Wealth Services Inc. Raises Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Confluence Wealth Services Inc. increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 28.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,212 shares of the company’s stock after purchasing an additional 272 shares during the period. Confluence Wealth Services Inc.’s holdings in CrowdStrike were worth $389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWD. CVA Family Office LLC bought a new stake in CrowdStrike in the fourth quarter worth $26,000. Hexagon Capital Partners LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth $26,000. Silver Oak Securities Incorporated bought a new stake in shares of CrowdStrike in the 3rd quarter worth about $27,000. Bear Mountain Capital Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter valued at about $27,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike in the 1st quarter valued at about $30,000. 71.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on CrowdStrike in a research note on Thursday, January 18th. They set an “outperform” rating and a $334.00 price objective on the stock. Canaccord Genuity Group increased their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Oppenheimer raised 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. Citigroup upped their price target on shares of CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $371.87.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, 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 can be accessed through the SEC website. In other news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded down $11.50 during trading on Tuesday, reaching $292.54. 1,923,545 shares of the company’s stock traded hands, compared to its average volume of 3,489,564. The firm has a market cap of $70.76 billion, a PE ratio of 812.63, a P/E/G ratio of 12.16 and a beta of 1.05. 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 quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $313.58 and a 200-day simple moving average of $270.86.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. As a group, 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.