CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by FourThought Financial Partners LLC

FourThought Financial Partners LLC reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,644 shares of the company’s stock after selling 4,255 shares during the quarter. FourThought Financial Partners LLC’s holdings in CrowdStrike were worth $4,760,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CRWD. Cigna Investments Inc. New boosted its position in CrowdStrike by 1.7% during the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock valued at $592,000 after purchasing an additional 38 shares during the last quarter. Quent Capital LLC lifted its position in shares of CrowdStrike by 48.5% in the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after buying an additional 48 shares during the last quarter. Advisory Resource Group lifted its position in shares of CrowdStrike by 0.7% in the third quarter. Advisory Resource Group now owns 6,670 shares of the company’s stock worth $1,116,000 after buying an additional 49 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of CrowdStrike by 23.9% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 254 shares of the company’s stock worth $65,000 after buying an additional 49 shares during the last quarter. Finally, Modus Advisors LLC lifted its position in shares of CrowdStrike by 1.7% in the fourth quarter. Modus Advisors LLC now owns 2,950 shares of the company’s stock worth $753,000 after buying an additional 50 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Trading Up 2.2 %

CrowdStrike stock traded up $6.67 during midday trading on Friday, hitting $310.21. 4,080,846 shares of the stock were exchanged, compared to its average volume of 2,179,299. The stock has a market capitalization of $75.03 billion, a PE ratio of 861.72, a P/E/G ratio of 12.14 and a beta of 1.08. The company has a fifty day simple moving average of $313.47 and a two-hundred day simple moving average of $272.11. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a 52 week low of $117.45 and a 52 week high of $365.00.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on CRWD shares. Evercore ISI boosted their price target on CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Sanford C. Bernstein assumed coverage on CrowdStrike in a research report on Thursday, January 18th. They issued an “outperform” rating and a $334.00 price target for the company. The Goldman Sachs Group lifted their price objective on CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Robert W. Baird lifted their price objective on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, Wedbush lifted their price objective on CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $371.87.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of the business’s 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 completion of the transaction, the chief accounting officer now directly owns 36,136 shares in the company, 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, CFO Burt W. Podbere sold 26,097 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.61, for a total value of $8,497,444.17. Following the sale, the chief financial officer now owns 347,792 shares of the company’s stock, valued at $113,244,553.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. In the last three months, insiders sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is owned by company insiders.

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.