Great Valley Advisor Group Inc. Makes New $273,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Great Valley Advisor Group Inc. purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,071 shares of the company’s stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Y.D. More Investments Ltd boosted its stake in CrowdStrike by 8.8% in the 4th quarter. Y.D. More Investments Ltd now owns 17,575 shares of the company’s stock worth $4,331,000 after purchasing an additional 1,417 shares during the period. Howe & Rusling Inc. boosted its stake in CrowdStrike by 3.3% in the 4th quarter. Howe & Rusling Inc. now owns 14,711 shares of the company’s stock worth $3,756,000 after purchasing an additional 471 shares during the period. Owen LaRue LLC boosted its stake in CrowdStrike by 1.6% in the 4th quarter. Owen LaRue LLC now owns 11,259 shares of the company’s stock worth $2,875,000 after purchasing an additional 174 shares during the period. Hexagon Capital Partners LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at approximately $26,000. Finally, Thompson Davis & CO. Inc. bought a new position in shares of CrowdStrike during the 4th quarter valued at approximately $1,011,000. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was 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 directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the sale, the chief executive officer now owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders have sold a total of 295,576 shares of company stock worth $94,052,850 in the last quarter. 5.68% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on CRWD shares. Citigroup increased their target price on CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Scotiabank increased their target price on CrowdStrike from $320.00 to $400.00 and gave the company a “sector outperform” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group increased their target price on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Morgan Stanley increased their target price on CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. Finally, Mizuho increased their price target on CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Stock Up 2.4 %

CrowdStrike stock opened at $317.81 on Tuesday. 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 business has a 50 day simple moving average of $313.41 and a 200-day simple moving average of $274.24. The stock has a market capitalization of $76.87 billion, a PE ratio of 882.83, a price-to-earnings-growth ratio of 12.41 and a beta of 1.08. CrowdStrike Holdings, Inc. has a 12 month low of $125.40 and a 12 month high of $365.00.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The company had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

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.