RMR Wealth Builders Acquires 56 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

RMR Wealth Builders grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,286 shares of the company’s stock after buying an additional 56 shares during the period. RMR Wealth Builders’ holdings in CrowdStrike were worth $839,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Cigna Investments Inc. New boosted its holdings in CrowdStrike by 1.7% in the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after acquiring an additional 38 shares in the last quarter. Quent Capital LLC grew its position in CrowdStrike by 48.5% in the 4th 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 period. Advisory Resource Group increased its stake in CrowdStrike by 0.7% during the 3rd quarter. Advisory Resource Group now owns 6,670 shares of the company’s stock valued at $1,116,000 after purchasing an additional 49 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in CrowdStrike by 23.9% during 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 grew its holdings in shares of CrowdStrike by 1.7% during the fourth quarter. Modus Advisors LLC now owns 2,950 shares of the company’s stock valued at $753,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the transaction, the chief executive officer now directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 295,576 shares of company stock worth $94,052,850. 5.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Evercore ISI raised their price target on shares of CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Wells Fargo & Company upped their price target on CrowdStrike from $315.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Cantor Fitzgerald restated an “overweight” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Wednesday, April 17th. KeyCorp reduced their target price on shares of CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Monday, April 8th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Price Performance

CrowdStrike stock traded up $1.21 during mid-day trading on Wednesday, hitting $313.76. 2,071,385 shares of the company traded hands, 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 one year low of $129.16 and a one year high of $365.00. The stock has a market cap 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. The stock has a fifty day moving average price of $313.23 and a 200-day moving average price of $275.18.

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

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.