CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Cut by NewEdge Wealth LLC

NewEdge Wealth LLC reduced its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.5% during the 4th quarter, Holdings Channel reports. The fund owned 2,661 shares of the company’s stock after selling 246 shares during the quarter. NewEdge Wealth LLC’s holdings in CrowdStrike were worth $679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. CVA Family Office LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $26,000. McGlone Suttner Wealth Management Inc. acquired a new stake in CrowdStrike in the fourth quarter worth approximately $36,000. Quent Capital LLC boosted its stake in CrowdStrike by 48.5% during the 4th quarter. Quent Capital LLC now owns 147 shares of the company’s stock valued at $38,000 after purchasing an additional 48 shares in the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of CrowdStrike during the 3rd quarter valued at $27,000. Finally, Global Trust Asset Management LLC raised its stake in shares of CrowdStrike by 106.0% in the 4th quarter. Global Trust Asset Management LLC now owns 206 shares of the company’s stock worth $53,000 after buying an additional 106 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $299.15 on Wednesday. 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 one year low of $115.67 and a one year high of $365.00. The business’s 50-day moving average price is $319.71 and its two-hundred day moving average price is $262.47. The company has a market capitalization of $72.36 billion, a P/E ratio of 831.00, a price-to-earnings-growth ratio of 12.36 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate 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%. Analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CRWD shares. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Wednesday, January 17th. HSBC boosted their target price on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Raymond James assumed coverage on shares of CrowdStrike in a report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 target price for the company. Canaccord Genuity Group lifted their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, DA Davidson increased their price objective on CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.29.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $316.82, for a total transaction of $4,752,300.00. Following the transaction, the director now directly owns 839,234 shares of the company’s stock, valued at $265,886,115.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the transaction, the chief executive officer now directly owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction dated 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 directly owns 839,234 shares in the company, valued at $265,886,115.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,544 shares of company stock worth $70,878,772. 5.68% of the stock is owned by corporate insiders.

About CrowdStrike

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.