Bernard Wealth Management Corp. Acquires Shares of 5,638 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bernard Wealth Management Corp. acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,638 shares of the company's stock, valued at approximately $1,857,000. CrowdStrike comprises about 1.3% of Bernard Wealth Management Corp.'s portfolio, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $27,000. Fortitude Family Office LLC increased its holdings in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. FPC Investment Advisory Inc. lifted its stake in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares during the period. Luken Investment Analytics LLC bought a new position in CrowdStrike during the fourth quarter worth about $34,000. Finally, Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CRWD. Baird R W downgraded shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Royal Bank of Canada reissued an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Susquehanna boosted their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a report on Wednesday, March 5th. Rosenblatt Securities reaffirmed a "buy" rating and set a $450.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Wedbush boosted their target price on CrowdStrike from $390.00 to $395.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $400.88.

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Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the sale, the director now directly owns 768,092 shares in the company, valued at $248,984,702.72. The trade was a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 120,801 shares of company stock worth $45,553,642 over the last ninety days. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

Shares of CRWD traded up $9.29 during mid-day trading on Friday, reaching $377.90. 3,378,070 shares of the stock traded hands, compared to its average volume of 4,998,906. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a market cap of $93.67 billion, a price-to-earnings ratio of 740.99, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The firm has a fifty day moving average price of $380.13 and a 200 day moving average price of $354.82.

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.