Pursue Wealth Partners LLC Lowers Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pursue Wealth Partners LLC cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,821 shares of the company’s stock after selling 294 shares during the quarter. CrowdStrike comprises about 4.8% of Pursue Wealth Partners LLC’s holdings, making the stock its 4th largest position. Pursue Wealth Partners LLC’s holdings in CrowdStrike were worth $7,359,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CRWD. DAVENPORT & Co LLC raised its stake in shares of CrowdStrike by 42.6% in the third quarter. DAVENPORT & Co LLC now owns 2,813 shares of the company’s stock valued at $471,000 after buying an additional 841 shares during the period. Private Trust Co. NA raised its stake in shares of CrowdStrike by 106.7% during the 3rd quarter. Private Trust Co. NA now owns 1,980 shares of the company’s stock valued at $331,000 after purchasing an additional 1,022 shares during the period. Caprock Group LLC raised its stake in shares of CrowdStrike by 3.4% during the 3rd quarter. Caprock Group LLC now owns 2,402 shares of the company’s stock valued at $402,000 after purchasing an additional 80 shares during the period. Linden Thomas Advisory Services LLC raised its stake in shares of CrowdStrike by 147.0% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 9,382 shares of the company’s stock valued at $1,570,000 after purchasing an additional 5,584 shares during the period. Finally, Modus Advisors LLC raised its stake in shares of CrowdStrike by 2.6% during the 3rd quarter. Modus Advisors LLC now owns 2,900 shares of the company’s stock valued at $485,000 after purchasing an additional 73 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Up 2.0 %

Shares of NASDAQ:CRWD traded up $6.05 during trading on Friday, hitting $304.07. The stock had a trading volume of 2,007,839 shares, compared to its average volume of 2,018,688. CrowdStrike Holdings, Inc. has a 12 month low of $115.67 and a 12 month high of $365.00. The company has a market capitalization of $73.55 billion, a PE ratio of 844.66, a PEG ratio of 12.16 and a beta of 1.05. The firm’s fifty day moving average is $314.71 and its 200 day moving average is $268.72. 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 (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The company had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. Analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 18,747 shares of the firm’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 transaction of $6,107,772.60. Following the completion of the transaction, the president now owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other CrowdStrike news, insider Shawn Henry sold 14,815 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the sale, the insider now directly owns 235,850 shares in the company, valued at approximately $76,851,722.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Michael Sentonas sold 18,747 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $6,107,772.60. Following the sale, the president now owns 382,958 shares in the company, valued at $124,767,716.40. The disclosure for this sale can be found here. Insiders sold a total of 223,544 shares of company stock valued at $72,113,932 in the last 90 days. Corporate insiders own 5.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Mizuho boosted their price objective on CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Sanford C. Bernstein assumed coverage on CrowdStrike in a research note on Thursday, January 18th. They set an “outperform” rating and a $334.00 price objective on the stock. HSBC boosted their target price on CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Susquehanna boosted their target price on CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. Finally, Raymond James assumed coverage on CrowdStrike in a research report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 target price for the company. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Company 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.