CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Position Trimmed by Larson Financial Group LLC

Larson Financial Group LLC cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 32.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 122 shares of the company’s stock after selling 58 shares during the quarter. Larson Financial Group LLC’s holdings in CrowdStrike were worth $31,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CRWD. DAVENPORT & Co LLC lifted its position in CrowdStrike by 42.6% in the 3rd quarter. DAVENPORT & Co LLC now owns 2,813 shares of the company’s stock valued at $471,000 after purchasing an additional 841 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of CrowdStrike by 70.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,552 shares of the company’s stock worth $1,599,000 after buying an additional 3,960 shares in the last quarter. Private Trust Co. NA raised its position in shares of CrowdStrike by 106.7% during the 3rd quarter. Private Trust Co. NA now owns 1,980 shares of the company’s stock worth $331,000 after buying an additional 1,022 shares in the last quarter. Caprock Group LLC raised its position in shares of CrowdStrike by 3.4% during the 3rd quarter. Caprock Group LLC now owns 2,402 shares of the company’s stock worth $402,000 after buying an additional 80 shares in the last quarter. Finally, Zullo Investment Group Inc. raised its position in shares of CrowdStrike by 4.2% during the 3rd quarter. Zullo Investment Group Inc. now owns 3,993 shares of the company’s stock worth $668,000 after buying an additional 160 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Piper Sandler boosted their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Barclays boosted their price target on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Stifel Nicolaus boosted their price target on shares of CrowdStrike from $315.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Susquehanna boosted their price target on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. Finally, HSBC lifted their price objective on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $304.07 on Friday. The stock has a market cap of $73.55 billion, a P/E ratio of 844.66, a PEG ratio of 11.90 and a beta of 1.05. CrowdStrike Holdings, Inc. has a one year low of $115.67 and a one year high of $365.00. The company has a fifty day moving average price of $314.71 and a 200 day moving average price of $268.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. The firm had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. Analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,786 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the transaction, the chief accounting officer now directly owns 34,350 shares in the company, valued at approximately $11,387,712. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,786 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the sale, the chief accounting officer now directly owns 34,350 shares in the company, valued at approximately $11,387,712. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock worth $72,113,932 in the last ninety days. 5.68% of the stock is currently owned by insiders.

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.