Vestcor Inc Trims Stock Position in CrowdStrike $CRWD

Vestcor Inc lessened its holdings in CrowdStrike (NASDAQ:CRWD) by 17.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,799 shares of the company’s stock after selling 2,325 shares during the period. Vestcor Inc’s holdings in CrowdStrike were worth $5,296,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Planning Inc bought a new stake in CrowdStrike during the third quarter valued at approximately $25,000. Pilgrim Partners Asia Pte Ltd bought a new position in CrowdStrike in the third quarter worth approximately $25,000. Howard Hughes Medical Institute bought a new position in CrowdStrike in the second quarter worth approximately $27,000. Pinnacle Bancorp Inc. purchased a new position in shares of CrowdStrike during the 3rd quarter worth $27,000. Finally, Financial Gravity Companies Inc. purchased a new position in shares of CrowdStrike during the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CRWD. DA Davidson upped their price objective on CrowdStrike from $425.00 to $455.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft lowered their target price on CrowdStrike from $475.00 to $440.00 and set a “hold” rating on the stock in a research report on Wednesday, March 4th. UBS Group reissued an “overweight” rating on shares of CrowdStrike in a report on Wednesday, March 4th. Zacks Research upgraded CrowdStrike from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Wells Fargo & Company began coverage on CrowdStrike in a research note on Tuesday, March 3rd. They issued an “overweight” rating and a $450.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $505.98.

Trending Headlines about CrowdStrike

Here are the key news stories impacting CrowdStrike this week:

• Positive Sentiment: Q4 beat and guidance momentum: CrowdStrike’s Q4 results topped expectations and the company highlighted strong adoption of its Falcon Flex subscription, which helped spark a multi-day rally and a meaningful market-cap increase. CrowdStrike Stock Hits $428: Why This Earnings Beat Is A Game Changer
• Positive Sentiment: Industry tailwinds: Analysts note broader security spending is rising as data breaches and geopolitical risk push enterprises to buy comprehensive solutions, benefiting leaders like CrowdStrike. 4 Security Stocks to Watch Amid the Flourishing Industry Trend
• Positive Sentiment: Geographic expansion/partnership: CrowdStrike announced a tie-up with STACKIT to pursue GDPR-focused growth in Europe, supporting international ARR expansion. CrowdStrike Taps STACKIT To Pursue GDPR Focused Growth In Europe
• Positive Sentiment: Analyst / bank commentary tilting constructive: Scotiabank published a positive outlook on CrowdStrike’s earnings cadence, adding support to the bullish narrative. Scotiabank Issues Positive Outlook for CrowdStrike Earnings
• Neutral Sentiment: Sell-side stance mixed: Mizuho issued a “Hold” on CRWD after the results — a neutral signal that may limit upside from some institutional holders. CrowdStrike Gets a Hold from Mizuho Securities
• Neutral Sentiment: Short-interest data appears anomalous: Recent reporting shows 0 shares of short interest and a 0.0 days-to-cover figure, suggesting a data/reporting glitch rather than meaningful short-covering pressure.
• Negative Sentiment: Valuation caution: Coverage highlights that CrowdStrike’s premium valuation remains a risk — some outlets recommend a cautious stance despite strong top-line momentum. CRWD Stock Rises 10% Post Q4 Results: Should You Buy, Sell or Hold?

CrowdStrike Stock Up 1.2%

CRWD opened at $434.13 on Tuesday. The company has a market capitalization of $109.44 billion, a PE ratio of -586.65, a price-to-earnings-growth ratio of 20.96 and a beta of 1.07. The firm has a 50-day simple moving average of $430.72 and a two-hundred day simple moving average of $469.43. 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 52 week low of $298.00 and a 52 week high of $566.90.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations 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 was up 23.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. Analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 10,516 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the sale, the chief financial officer directly owned 179,114 shares of the company’s stock, valued at $86,571,169.62. This represents a 5.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Johanna Flower sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total value of $1,385,820.00. Following the transaction, the director owned 76,082 shares of the company’s stock, valued at $35,145,319.08. This represents a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 90,068 shares of company stock worth $40,447,425 over the last three months. 3.32% of the stock is owned by company insiders.

CrowdStrike Company 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.