ARK & TLK Investments LLC Purchases New Shares in CrowdStrike $CRWD

ARK & TLK Investments LLC acquired a new stake in CrowdStrike (NASDAQ:CRWD) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 430 shares of the company’s stock, valued at approximately $219,000.

Other large investors have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike in the first quarter valued at about $26,000. AlphaQuest LLC bought a new position in CrowdStrike during the second quarter worth about $26,000. Financial Gravity Companies Inc. acquired a new stake in CrowdStrike in the 2nd quarter worth about $33,000. Saudi Central Bank bought a new stake in CrowdStrike in the 1st quarter valued at about $34,000. Finally, Financial Management Professionals Inc. boosted its holdings in CrowdStrike by 91.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock valued at $36,000 after purchasing an additional 34 shares during the period. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, President Michael Sentonas sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the sale, the president directly owned 354,116 shares in the company, valued at $182,369,740. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 1,957 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $550.41, for a total transaction of $1,077,152.37. Following the completion of the sale, the chief financial officer directly owned 218,467 shares in the company, valued at approximately $120,246,421.47. This represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 116,622 shares of company stock valued at $58,561,456. 3.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Needham & Company LLC raised their target price on shares of CrowdStrike from $475.00 to $535.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Arete Research set a $706.00 price objective on CrowdStrike in a research note on Tuesday, October 28th. Truist Financial upped their target price on CrowdStrike from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Wedbush reissued an “outperform” rating and set a $600.00 target price on shares of CrowdStrike in a report on Monday. Finally, Royal Bank Of Canada raised their price target on CrowdStrike from $540.00 to $621.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $549.89.

CrowdStrike Price Performance

Shares of CRWD stock opened at $504.13 on Tuesday. The business has a fifty day simple moving average of $511.99 and a 200 day simple moving average of $477.91. The company has a market cap of $126.52 billion, a P/E ratio of -423.64, a P/E/G ratio of 120.02 and a beta of 1.09. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a twelve month low of $298.00 and a twelve month high of $566.90.

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.