252 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by EdgeRock Capital LLC

EdgeRock Capital LLC purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 252 shares of the company’s stock, valued at approximately $64,000.

Other hedge funds also recently modified their holdings of the company. CVA Family Office LLC bought a new stake in CrowdStrike in the fourth quarter worth approximately $26,000. Hexagon Capital Partners LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $26,000. Bear Mountain Capital Inc. bought a new stake in CrowdStrike during the 4th quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $36,000. Finally, Quent Capital LLC lifted its stake in CrowdStrike by 48.5% in the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock valued at $38,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,019 shares of the 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 sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, President Michael Sentonas sold 18,747 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the president now owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The shares were 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 owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders sold a total of 295,576 shares of company stock valued at $94,052,850 over the last 90 days. Insiders own 5.68% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of several recent research reports. Raymond James initiated coverage on shares of CrowdStrike in a research note on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 target price for the company. Macquarie restated an “outperform” rating and set a $370.00 target price on shares of CrowdStrike in a research report on Tuesday, March 19th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, January 17th. HSBC increased their price objective on CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Mizuho upped their price target on CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $1.21 during midday trading on Wednesday, reaching $313.76. The stock had a trading volume of 2,071,385 shares, compared to its average volume of 3,459,634. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. CrowdStrike Holdings, Inc. has a 12-month low of $129.16 and a 12-month high of $365.00. The stock has a 50-day moving average of $313.23 and a 200-day moving average of $275.18. The company has a market capitalization of $75.89 billion, a price-to-earnings ratio of 871.58, a price-to-earnings-growth ratio of 12.41 and a beta of 1.08.

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

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.