CreativeOne Wealth LLC Decreases Stock Holdings in CrowdStrike $CRWD

CreativeOne Wealth LLC reduced its stake in shares of CrowdStrike (NASDAQ:CRWDFree Report) by 18.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,694 shares of the company’s stock after selling 1,247 shares during the quarter. CreativeOne Wealth LLC’s holdings in CrowdStrike were worth $2,792,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Asset Planning Inc purchased a new stake in shares of CrowdStrike during the 3rd quarter worth approximately $25,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $25,000. Howard Hughes Medical Institute purchased a new position in CrowdStrike in the 2nd quarter valued at approximately $27,000. Pinnacle Bancorp Inc. purchased a new position in CrowdStrike in the 3rd quarter valued at approximately $27,000. Finally, Financial Gravity Companies Inc. acquired a new position in CrowdStrike during the second quarter worth $33,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting CrowdStrike

Here are the key news stories impacting CrowdStrike this week:

CrowdStrike Stock Performance

NASDAQ CRWD opened at $434.13 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.17. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90. The business has a fifty day moving average of $430.72 and a 200-day moving average of $469.43. The stock has a market cap of $109.44 billion, a price-to-earnings ratio of -586.65, a price-to-earnings-growth ratio of 20.96 and a beta of 1.07.

CrowdStrike (NASDAQ:CRWDGet Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. CrowdStrike had a negative return on equity of 0.14% and a negative net margin of 3.81%.The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. As a group, analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Piper Sandler upgraded CrowdStrike from a “neutral” rating to an “overweight” rating and set a $520.00 target price on the stock in a research report on Monday, March 2nd. Canaccord Genuity Group cut their price target on CrowdStrike from $515.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, March 4th. BTIG Research cut their price target on CrowdStrike from $640.00 to $499.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Capital One Financial decreased their price objective on shares of CrowdStrike from $600.00 to $590.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Finally, Wells Fargo & Company started coverage on shares of CrowdStrike in a research note on Tuesday, March 3rd. They issued an “overweight” rating and a $450.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $505.98.

Check Out Our Latest Stock Report on CRWD

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 11,461 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the sale, the president directly owned 342,655 shares of the company’s stock, valued at $164,399,015.90. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Johanna Flower sold 3,000 shares of the business’s 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 completion of the transaction, the director directly owned 76,082 shares of the company’s stock, valued at approximately $35,145,319.08. This represents a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 90,068 shares of company stock worth $40,447,425 in the last 90 days. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike 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.

See Also

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike (NASDAQ:CRWDFree Report).

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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