Dakota Wealth Management Sells 18,169 Shares of CrowdStrike $CRWD

Dakota Wealth Management reduced its position in CrowdStrike (NASDAQ:CRWDFree Report) by 66.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,125 shares of the company’s stock after selling 18,169 shares during the quarter. Dakota Wealth Management’s holdings in CrowdStrike were worth $4,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Advyzon Investment Management LLC boosted its holdings in shares of CrowdStrike by 142.9% in the second quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock worth $461,000 after acquiring an additional 533 shares during the period. Carnegie Investment Counsel lifted its holdings in CrowdStrike by 6.7% during the 3rd quarter. Carnegie Investment Counsel now owns 22,601 shares of the company’s stock worth $11,083,000 after purchasing an additional 1,428 shares in the last quarter. Silver Oak Securities Incorporated lifted its holdings 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 purchasing an additional 2,357 shares in the last quarter. Traynor Capital Management Inc. boosted its stake in CrowdStrike by 10.9% in the 3rd quarter. Traynor Capital Management Inc. now owns 53,117 shares of the company’s stock worth $26,047,000 after purchasing an additional 5,205 shares during the period. Finally, GPS Wealth Strategies Group LLC grew its holdings in CrowdStrike by 7.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 22,253 shares of the company’s stock valued at $10,912,000 after buying an additional 1,512 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRWD. Morgan Stanley increased their price target on shares of CrowdStrike from $515.00 to $537.00 and gave the stock an “equal weight” rating in a report on Thursday, December 18th. Piper Sandler upped their target price on shares of CrowdStrike from $450.00 to $520.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Loop Capital set a $550.00 price target on shares of CrowdStrike in a report on Thursday, December 11th. BTIG Research restated a “buy” rating and set a $640.00 price target on shares of CrowdStrike in a research report on Tuesday, January 13th. Finally, Robert W. Baird increased their price objective on CrowdStrike from $490.00 to $550.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Thirty investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $540.94.

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CrowdStrike Stock Down 0.0%

Shares of NASDAQ:CRWD opened at $350.25 on Wednesday. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The firm has a fifty day moving average of $444.94 and a 200 day moving average of $471.09. The firm has a market capitalization of $88.30 billion, a PE ratio of -277.98, a price-to-earnings-growth ratio of 19.71 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business posted $0.93 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, Director Johanna Flower sold 3,000 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 76,082 shares in the company, valued at $35,145,319.08. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 11,461 shares of CrowdStrike stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the transaction, the president directly owned 342,655 shares in the company, valued at $164,399,015.90. This trade represents a 3.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 100,247 shares of company stock worth $45,722,274 over the last ninety days. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Company 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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