Cedar Wealth Management LLC Acquires 200 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

by · The Cerbat Gem

Cedar Wealth Management LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) by 3,333.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206 shares of the company’s stock after purchasing an additional 200 shares during the period. Cedar Wealth Management LLC’s holdings in CrowdStrike were worth $58,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Quent Capital LLC increased its position in shares of CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after acquiring an additional 88 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in CrowdStrike during the 1st quarter worth $273,000. Edgestream Partners L.P. bought a new stake in CrowdStrike during the 1st quarter valued at $839,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of CrowdStrike by 46.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,022 shares of the company’s stock worth $4,175,000 after buying an additional 4,110 shares during the period. Finally, UniSuper Management Pty Ltd grew its position in shares of CrowdStrike by 88.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 3,200 shares of the company’s stock worth $1,026,000 after buying an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 3.0 %

CRWD stock opened at $353.29 on Wednesday. The stock has a market capitalization of $86.60 billion, a P/E ratio of 512.01, a P/E/G ratio of 22.77 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The firm has a 50-day simple moving average of $301.83 and a 200-day simple moving average of $310.94. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s revenue was up 31.7% compared to the same quarter last year. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This represents a 0.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 over the last three months. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the subject of a number of research reports. KeyCorp upped their price objective on shares of CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. JMP Securities reiterated a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. Canaccord Genuity Group reissued a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a research report on Monday, September 30th. JPMorgan Chase & Co. cut their target price on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $290.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $333.82.

Read Our Latest Report on CRWD

CrowdStrike Profile

(Free Report)

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.

See Also

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