Marest Capital LLC Takes Position in CrowdStrike $CRWD

Marest Capital LLC acquired a new position in shares of CrowdStrike (NASDAQ:CRWD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,439 shares of the company’s stock, valued at approximately $706,000. CrowdStrike makes up approximately 0.4% of Marest Capital LLC’s investment portfolio, making the stock its 13th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in CRWD. Asset Planning Inc acquired a new stake in shares of CrowdStrike during the 3rd quarter valued at $25,000. Pilgrim Partners Asia Pte Ltd acquired a new position in CrowdStrike in the 3rd quarter worth about $25,000. AlphaQuest LLC bought a new position in CrowdStrike in the second quarter valued at about $26,000. Howard Hughes Medical Institute acquired a new stake in shares of CrowdStrike during the second quarter valued at about $27,000. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of CrowdStrike in the third quarter valued at approximately $27,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on CRWD shares. Cantor Fitzgerald restated an “overweight” rating on shares of CrowdStrike in a report on Monday. BMO Capital Markets boosted their price target on shares of CrowdStrike from $500.00 to $555.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Robert W. Baird boosted their target price on shares of CrowdStrike from $490.00 to $550.00 and gave the company a “neutral” rating in a report on Friday, November 14th. The Goldman Sachs Group boosted their price objective on CrowdStrike from $535.00 to $564.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Finally, TD Cowen reissued a “buy” rating on shares of CrowdStrike in a research note on Thursday, January 8th. Thirty-one analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.21.

Insider Activity

In related news, Director Johanna Flower sold 3,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $35,145,319.08. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 28,853 shares of CrowdStrike stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total transaction 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. This represents a 1.38% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 100,247 shares of company stock worth $45,722,274. Company insiders own 3.32% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $408.04 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $468.45 and a two-hundred day simple moving average of $474.79. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90. The firm has a market capitalization of $102.87 billion, a PE ratio of -323.84, a price-to-earnings-growth ratio of 22.63 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data 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. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. Analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

CrowdStrike Profile

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.