Mackenzie Financial Corp Has $10.17 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mackenzie Financial Corp boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,811 shares of the company’s stock after buying an additional 931 shares during the quarter. Mackenzie Financial Corp’s holdings in CrowdStrike were worth $10,165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Morgan Stanley grew its stake in CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after buying an additional 2,757,251 shares during the last quarter. Alliancebernstein L.P. grew its stake in CrowdStrike by 1,593.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,643,904 shares of the company’s stock valued at $388,310,000 after buying an additional 2,487,806 shares during the last quarter. Norges Bank acquired a new position in CrowdStrike in the 4th quarter valued at $244,740,000. T. Rowe Price Investment Management Inc. grew its position in CrowdStrike by 62.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock worth $396,019,000 after purchasing an additional 1,440,905 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in CrowdStrike by 69.3% in the 1st quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock worth $524,750,000 after purchasing an additional 945,703 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRWD has been the topic of several research analyst reports. Piper Sandler raised their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Robert W. Baird raised their price target on shares of CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Truist Financial raised their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Jefferies Financial Group raised their price target 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. Finally, Raymond James started coverage on shares of CrowdStrike in a research report on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $371.87.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of the business’s 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 owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Anurag Saha sold 1,019 shares of the business’s 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 owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is currently owned by company insiders.

CrowdStrike Stock Down 3.9 %

Shares of NASDAQ:CRWD opened at $282.64 on Friday. CrowdStrike Holdings, Inc. has a one year low of $115.67 and a one year high of $365.00. The company has a 50 day moving average of $317.72 and a 200-day moving average of $263.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market cap of $68.36 billion, a price-to-earnings ratio of 785.13, a P/E/G ratio of 11.75 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results 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 company had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. On average, sell-side analysts forecast 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.