Aventura Private Wealth LLC Acquires Shares of 3,554 CrowdStrike $CRWD

Aventura Private Wealth LLC purchased a new position in CrowdStrike (NASDAQ:CRWDFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,554 shares of the company’s stock, valued at approximately $1,666,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Sagespring Wealth Partners LLC boosted its stake in CrowdStrike by 8.1% in the 4th quarter. Sagespring Wealth Partners LLC now owns 3,062 shares of the company’s stock worth $1,435,000 after purchasing an additional 230 shares during the period. Riversedge Advisors LLC boosted its position in shares of CrowdStrike by 12.9% in the fourth quarter. Riversedge Advisors LLC now owns 629 shares of the company’s stock valued at $295,000 after acquiring an additional 72 shares during the period. Everhart Financial Group Inc. boosted its position in shares of CrowdStrike by 6.6% in the fourth quarter. Everhart Financial Group Inc. now owns 3,343 shares of the company’s stock valued at $1,567,000 after acquiring an additional 207 shares during the period. Lpwm LLC grew its stake in CrowdStrike by 13.3% during the fourth quarter. Lpwm LLC now owns 717 shares of the company’s stock valued at $336,000 after acquiring an additional 84 shares in the last quarter. Finally, Renaissance Investment Group LLC grew its stake in CrowdStrike by 1.4% during the fourth quarter. Renaissance Investment Group LLC now owns 27,810 shares of the company’s stock valued at $13,036,000 after acquiring an additional 378 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. BMO Capital Markets reduced their target price on CrowdStrike from $555.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Barclays dropped their price target on CrowdStrike from $610.00 to $550.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Wedbush reissued an “outperform” rating and set a $550.00 price objective on shares of CrowdStrike in a report on Wednesday, March 4th. Citigroup decreased their price objective on shares of CrowdStrike from $610.00 to $525.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $500.00 target price on shares of CrowdStrike in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $506.26.

Check Out Our Latest Stock Report on CrowdStrike

Insider Activity

In related news, CAO Anurag Saha sold 1,530 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $479.78, for a total value of $734,063.40. Following the completion of the transaction, the chief accounting officer directly owned 44,562 shares in the company, valued at $21,379,956.36. The trade was a 3.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 28,853 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $413.01, for a total value of $11,916,577.53. Following the transaction, the chief executive officer directly owned 2,054,902 shares in the company, valued at approximately $848,695,075.02. The trade was a 1.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 90,024 shares of company stock valued at $40,424,241. 3.32% of the stock is currently owned by insiders.

CrowdStrike Price Performance

CRWD stock opened at $409.00 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.77 and a quick ratio of 1.77. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The firm has a 50-day moving average of $424.66 and a 200 day moving average of $469.31. The company has a market cap of $103.73 billion, a P/E ratio of -552.70, a PEG ratio of 18.78 and a beta of 1.06.

CrowdStrike (NASDAQ:CRWDGet Free Report) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.02. CrowdStrike had a negative return on equity of 0.14% and a negative net margin of 3.81%.The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. On average, sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Key CrowdStrike News

Here are the key news stories impacting CrowdStrike this week:

CrowdStrike Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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