Simplicity Solutions LLC Decreases Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Simplicity Solutions LLC trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 59.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,665 shares of the company’s stock after selling 9,754 shares during the quarter. Simplicity Solutions LLC’s holdings in CrowdStrike were worth $1,702,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions Corp. acquired a new stake in CrowdStrike during the 4th quarter worth $25,000. CVA Family Office LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $26,000. Silver Oak Securities Incorporated acquired a new stake in shares of CrowdStrike in the third quarter valued at approximately $27,000. Gradient Investments LLC lifted its position in CrowdStrike by 1,818.2% during the third quarter. Gradient Investments LLC now owns 211 shares of the company’s stock worth $35,000 after buying an additional 200 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in CrowdStrike during the fourth quarter worth $36,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 2.8 %

Shares of NASDAQ:CRWD opened at $309.05 on Monday. The firm has a 50 day simple moving average of $319.83 and a 200-day simple moving average of $260.60. CrowdStrike Holdings, Inc. has a twelve month low of $115.67 and a twelve month high of $365.00. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $74.75 billion, a PE ratio of 858.50, a P/E/G ratio of 12.36 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $839.08 million. On average, equities analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $316.82, for a total value of $4,752,300.00. Following the completion of the sale, the director now owns 839,234 shares in the company, valued at approximately $265,886,115.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $316.82, for a total transaction of $4,752,300.00. Following the completion of the sale, the director now owns 839,234 shares in the company, valued at $265,886,115.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Burt W. Podbere sold 64,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $316.48, for a total value of $20,254,720.00. Following the sale, the chief financial officer now directly owns 306,508 shares of the company’s stock, valued at $97,003,651.84. The disclosure for this sale can be found here. Insiders have sold 241,667 shares of company stock worth $77,205,950 in the last quarter. 5.68% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRWD. Citigroup upped their price objective on shares of CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Thursday, March 14th. Mizuho lifted their target price on CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Rosenblatt Securities reissued a “buy” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Monday, April 8th. Finally, JMP Securities upped their target price on shares of CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $373.29.

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.