Barrett & Company Inc. Decreases Stock Holdings in CrowdStrike $CRWD

Barrett & Company Inc. lowered its holdings in CrowdStrike (NASDAQ:CRWD) by 66.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 595 shares of the company’s stock after selling 1,200 shares during the period. Barrett & Company Inc.’s holdings in CrowdStrike were worth $292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Capital Investment Counsel Inc boosted its position in CrowdStrike by 5.5% during the 3rd quarter. Capital Investment Counsel Inc now owns 1,927 shares of the company’s stock worth $945,000 after purchasing an additional 100 shares during the period. Investment House LLC lifted its stake in shares of CrowdStrike by 0.4% during the third quarter. Investment House LLC now owns 32,040 shares of the company’s stock worth $15,712,000 after purchasing an additional 125 shares in the last quarter. GDS Wealth Management lifted its stake in shares of CrowdStrike by 10.4% during the third quarter. GDS Wealth Management now owns 25,434 shares of the company’s stock worth $12,472,000 after purchasing an additional 2,393 shares in the last quarter. ARK & TLK Investments LLC boosted its position in shares of CrowdStrike by 151.9% in the third quarter. ARK & TLK Investments LLC now owns 1,083 shares of the company’s stock worth $531,000 after buying an additional 653 shares during the period. Finally, BAM Wealth Management LLC acquired a new stake in shares of CrowdStrike in the third quarter valued at about $220,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.3%

Shares of CrowdStrike stock opened at $452.49 on Friday. The business has a 50-day moving average price of $485.15 and a 200 day moving average price of $478.22. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90. The firm has a market cap of $114.07 billion, a P/E ratio of -359.12, a P/E/G ratio of 109.85 and a beta of 1.03. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm earned $0.93 EPS. The business’s revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Denis Oleary sold 7,750 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $515.44, for a total transaction of $3,994,660.00. Following the completion of the sale, the director owned 10,816 shares in the company, valued at $5,574,999.04. The trade was a 41.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 10,516 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the sale, the chief financial officer directly owned 179,114 shares in the company, valued at $86,571,169.62. This trade represents a 5.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,048 shares of company stock valued at $34,509,857 over the last quarter. Insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of several recent research reports. Stephens reissued an “overweight” rating and set a $590.00 price target on shares of CrowdStrike in a research report on Thursday, December 18th. Mizuho set a $540.00 price objective on shares of CrowdStrike in a research note on Thursday, January 8th. Truist Financial upped their target price on shares of CrowdStrike from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. UBS Group raised their price target on shares of CrowdStrike from $580.00 to $590.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of CrowdStrike from $515.00 to $600.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Thirty-one analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $555.21.

CrowdStrike Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.