Sfmg LLC Invests $296,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sfmg LLC bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,160 shares of the company’s stock, valued at approximately $296,000.

A number of other institutional investors also recently modified their holdings of CRWD. Coppell Advisory Solutions Corp. bought a new stake in CrowdStrike during the fourth quarter worth $25,000. CVA Family Office LLC bought a new position in CrowdStrike in the 4th quarter valued at $26,000. Silver Oak Securities Incorporated bought a new position in CrowdStrike in the 3rd quarter valued at $27,000. Bear Mountain Capital Inc. bought a new position in CrowdStrike in the 4th quarter valued at $27,000. Finally, Gradient Investments LLC grew its stake in CrowdStrike by 1,818.2% in the 3rd quarter. Gradient Investments LLC now owns 211 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $293.69 on Thursday. The business has a 50 day moving average of $319.23 and a 200 day moving average of $262.69. The company has a market capitalization of $71.03 billion, a price-to-earnings ratio of 815.83, a PEG ratio of 11.96 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. 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 announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. On average, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the transaction, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock valued at $72,113,932 in the last ninety days. Company insiders own 5.68% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CRWD shares. Robert W. Baird upped their price objective on CrowdStrike from $281.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Mizuho upped their price target on CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Wells Fargo & Company upped their price target on CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Wedbush upped their price target on CrowdStrike from $278.00 to $350.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Finally, Jefferies Financial Group upped their price target on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Company 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.