CoreCap Advisors LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 503 shares of the company’s stock, valued at approximately $53,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of CRWD. Fairfield Bush & CO. bought a new stake in shares of CrowdStrike during the 1st quarter worth about $654,000. MetLife Investment Management LLC acquired a new stake in CrowdStrike in the 1st quarter worth about $2,930,000. Yousif Capital Management LLC raised its stake in CrowdStrike by 4.3% in the 1st quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock worth $666,000 after purchasing an additional 120 shares in the last quarter. Raymond James Trust N.A. raised its stake in CrowdStrike by 37.3% in the 1st quarter. Raymond James Trust N.A. now owns 2,830 shares of the company’s stock worth $643,000 after purchasing an additional 769 shares in the last quarter. Finally, Synovus Financial Corp raised its stake in CrowdStrike by 14.4% in the 1st quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock worth $658,000 after purchasing an additional 369 shares in the last quarter. Institutional investors own 65.05% of the company’s stock.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. BMO Capital Markets lifted their price objective on shares of CrowdStrike from $120.00 to $152.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 8th. Needham & Company LLC boosted their target price on shares of CrowdStrike from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of CrowdStrike from $115.00 to $130.00 in a research report on Wednesday, March 8th. Stephens boosted their target price on shares of CrowdStrike from $161.00 to $173.00 and gave the company an “overweight” rating in a research report on Wednesday, March 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of CrowdStrike from $137.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 8th. Five equities research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $173.89.
CrowdStrike Stock Up 1.0 %
CrowdStrike (NASDAQ:CRWD – Get Rating) last released its earnings results on Tuesday, March 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). CrowdStrike had a negative net margin of 8.18% and a negative return on equity of 12.20%. The company had revenue of $637.37 million for the quarter, compared to analyst estimates of $624.68 million. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post -0.22 EPS for the current fiscal year.
Insider Transactions at CrowdStrike
In other news, CAO Anurag Saha sold 845 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $131.85, for a total value of $111,413.25. Following the completion of the sale, the chief accounting officer now directly owns 32,456 shares of the company’s stock, valued at $4,279,323.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Shawn Henry sold 10,462 shares of the business’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $131.85, for a total transaction of $1,379,414.70. Following the transaction, the insider now directly owns 198,972 shares in the company, valued at $26,234,458.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 845 shares of the stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $131.85, for a total transaction of $111,413.25. Following the completion of the sale, the chief accounting officer now owns 32,456 shares of the company’s stock, valued at approximately $4,279,323.60. The disclosure for this sale can be found here. Insiders sold a total of 94,568 shares of company stock valued at $12,663,171 over the last three months. Corporate insiders own 5.68% of the company’s stock.
About CrowdStrike
CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.
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