Sykon Capital LLC Has $1.23 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sykon Capital LLC raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 164.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,811 shares of the company’s stock after buying an additional 2,994 shares during the period. Sykon Capital LLC’s holdings in CrowdStrike were worth $1,228,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in CrowdStrike during the fourth quarter worth $26,000. Hexagon Capital Partners LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth about $26,000. Silver Oak Securities Incorporated acquired a new stake in CrowdStrike during the third quarter worth approximately $27,000. Bear Mountain Capital Inc. bought a new stake in shares of CrowdStrike during the fourth quarter worth approximately $27,000. Finally, Gradient Investments LLC increased its stake in shares of CrowdStrike by 1,818.2% during the third quarter. Gradient Investments LLC now owns 211 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. 71.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now directly owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, President Michael Sentonas sold 18,747 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 $6,107,772.60. Following the completion of the sale, the president now owns 382,958 shares in the company, valued at approximately $124,767,716.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now owns 208,961 shares in the company, valued at $64,525,067.19. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock worth $72,113,932 in the last ninety days. 5.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CRWD. Evercore ISI boosted their price objective on shares of CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Sanford C. Bernstein began coverage on CrowdStrike in a research report on Thursday, January 18th. They set an “outperform” rating and a $334.00 price target on the stock. Robert W. Baird lifted their price objective on CrowdStrike from $281.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. HSBC upped their target price on CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Truist Financial raised their price target on CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Price Performance

Shares of CRWD stock traded up $6.67 during trading hours on Friday, reaching $310.21. The stock had a trading volume of 4,080,846 shares, compared to its average volume of 2,179,299. The stock’s fifty day simple moving average is $313.47 and its 200 day simple moving average is $272.11. The firm has a market capitalization of $75.03 billion, a PE ratio of 861.72, a PEG ratio of 12.41 and a beta of 1.08. CrowdStrike Holdings, Inc. has a 12 month low of $117.45 and a 12 month high of $365.00. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32.

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

About CrowdStrike

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.