GDS Wealth Management Buys 2,393 Shares of CrowdStrike $CRWD

GDS Wealth Management grew its stake in CrowdStrike (NASDAQ:CRWD) by 10.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,434 shares of the company’s stock after acquiring an additional 2,393 shares during the quarter. GDS Wealth Management’s holdings in CrowdStrike were worth $12,472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Advyzon Investment Management LLC boosted its position in shares of CrowdStrike by 142.9% during the second quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock worth $461,000 after buying an additional 533 shares during the period. Carnegie Investment Counsel lifted its stake in CrowdStrike by 6.7% in the 3rd quarter. Carnegie Investment Counsel now owns 22,601 shares of the company’s stock valued at $11,083,000 after acquiring an additional 1,428 shares in the last quarter. Silver Oak Securities Incorporated boosted its position in CrowdStrike by 394.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 2,954 shares of the company’s stock worth $1,449,000 after acquiring an additional 2,357 shares during the last quarter. Perpetual Ltd grew its stake in shares of CrowdStrike by 205.9% during the 3rd quarter. Perpetual Ltd now owns 1,554 shares of the company’s stock worth $762,000 after acquiring an additional 1,046 shares in the last quarter. Finally, Grant Private Wealth Management Inc acquired a new stake in shares of CrowdStrike in the third quarter valued at approximately $1,690,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 17,550 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $481.38, for a total transaction of $8,448,219.00. Following the transaction, the chief executive officer owned 2,090,532 shares in the company, valued at $1,006,340,294.16. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Johanna Flower sold 3,000 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the completion of the sale, the director directly owned 76,082 shares of the company’s stock, valued at approximately $35,145,319.08. The trade was a 3.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 69,048 shares of company stock valued at $34,509,857. Insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Citizens Jmp reaffirmed a “market outperform” rating and issued a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, December 3rd. Oppenheimer raised their price objective on CrowdStrike from $560.00 to $580.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Rosenblatt Securities reiterated a “buy” rating and set a $630.00 target price on shares of CrowdStrike in a report on Wednesday, December 3rd. Capital One Financial decreased their price target on CrowdStrike from $600.00 to $590.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Finally, BMO Capital Markets upped their price objective on CrowdStrike from $500.00 to $555.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Thirty-one research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $555.21.

CrowdStrike Stock Down 0.3%

CRWD opened at $452.49 on Friday. The stock’s fifty day simple moving average is $485.15 and its 200 day simple moving average is $478.22. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90. The stock has a market cap of $114.07 billion, a PE ratio of -359.12, a price-to-earnings-growth ratio of 109.85 and a beta of 1.03. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.94 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 earnings per share. As a group, research analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

CrowdStrike Company 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.