Russell Investments Group Ltd. Sells 2,752 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Russell Investments Group Ltd. trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 220,959 shares of the company’s stock after selling 2,752 shares during the quarter. Russell Investments Group Ltd.’s holdings in CrowdStrike were worth $56,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. CVA Family Office LLC bought a new stake in CrowdStrike in the 4th quarter valued at $26,000. Silver Oak Securities Incorporated bought a new stake in CrowdStrike in the 3rd quarter valued at $27,000. Bear Mountain Capital Inc. bought a new stake in CrowdStrike in the 4th quarter valued at $27,000. Gradient Investments LLC lifted its position 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 acquiring an additional 200 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in CrowdStrike in the 4th quarter valued at $36,000. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the sale, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders sold 223,544 shares of company stock valued at $72,113,932 in the last quarter. Company insiders own 5.68% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $304.07 on Monday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $73.55 billion, a P/E ratio of 844.66, a P/E/G ratio of 12.16 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 12-month low of $115.67 and a 12-month high of $365.00. The firm has a 50-day moving average price of $314.71 and a two-hundred day moving average price of $269.29.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $845.34 million during the quarter, compared to the consensus estimate 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.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Canaccord Genuity Group boosted their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Robert W. Baird boosted their price target on shares of CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” 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. Raymond James began coverage on shares of CrowdStrike in a research report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 price target on the stock. Finally, Royal Bank of Canada boosted their price target on shares of CrowdStrike from $357.00 to $420.00 and gave the stock an “outperform” rating in a research report 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.87.

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.