Aspire Private Capital LLC Invests $678,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Aspire Private Capital LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,657 shares of the company’s stock, valued at approximately $678,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Morgan Stanley increased its stake in CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after buying an additional 2,757,251 shares in the last quarter. Jennison Associates LLC grew its position in shares of CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after purchasing an additional 1,581,796 shares in the last quarter. International Assets Investment Management LLC raised its stake in CrowdStrike by 22,542.6% during the 4th quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock valued at $187,481,000 after purchasing an additional 731,057 shares during the period. Invesco Ltd. lifted its holdings in CrowdStrike by 52.3% in the 3rd quarter. Invesco Ltd. now owns 1,249,776 shares of the company’s stock worth $209,188,000 after purchasing an additional 429,186 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in CrowdStrike by 17.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after purchasing an additional 419,619 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 2.3 %

Shares of CRWD stock traded up $6.51 during mid-day trading on Monday, hitting $289.15. The stock had a trading volume of 2,481,763 shares, compared to its average volume of 3,604,274. The firm has a market capitalization of $69.94 billion, a P/E ratio of 785.97, a price-to-earnings-growth ratio of 11.30 and a beta of 1.05. 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 12-month low of $115.67 and a 12-month high of $365.00. The firm’s 50-day moving average is $317.72 and its two-hundred day moving average is $265.11.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (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 company had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. On average, analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, President Michael Sentonas sold 18,747 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 value of $6,107,772.60. Following the completion of the transaction, the president now directly owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the sale, the insider now directly owns 208,961 shares in the company, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock worth $72,113,932 over the last 90 days. Company insiders own 5.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRWD. Sanford C. Bernstein started coverage on shares of CrowdStrike in a report on Thursday, January 18th. They issued an “outperform” rating and a $334.00 target price on the stock. Jefferies Financial Group boosted their target price on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. UBS Group raised their price target on CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Mizuho upped their price objective on CrowdStrike from $360.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Robert W. Baird increased their target price on CrowdStrike from $281.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $371.87.

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.