Proficio Capital Partners LLC Acquires Shares of 78,375 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Posted by Defense World Staff on Jul 4th, 2023

Proficio Capital Partners LLC acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 78,375 shares of the company’s stock, valued at approximately $78,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CRWD. Ameritas Investment Partners Inc. grew its stake in shares of CrowdStrike by 1.4% in the first quarter. Ameritas Investment Partners Inc. now owns 4,562 shares of the company’s stock worth $1,036,000 after acquiring an additional 65 shares during the period. Pittenger & Anderson Inc. grew its stake in shares of CrowdStrike by 39.9% in the third quarter. Pittenger & Anderson Inc. now owns 305 shares of the company’s stock worth $50,000 after acquiring an additional 87 shares during the period. Meridian Wealth Management LLC grew its stake in shares of CrowdStrike by 0.6% in the fourth quarter. Meridian Wealth Management LLC now owns 16,525 shares of the company’s stock worth $1,740,000 after acquiring an additional 93 shares during the period. Glassman Wealth Services grew its stake in shares of CrowdStrike by 41.9% in the fourth quarter. Glassman Wealth Services now owns 325 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the period. Finally, Rise Advisors LLC grew its stake in shares of CrowdStrike by 41.7% in the first quarter. Rise Advisors LLC now owns 326 shares of the company’s stock worth $45,000 after acquiring an additional 96 shares during the period. 61.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CRWD has been the topic of a number of research reports. Stephens raised their price objective on shares of CrowdStrike from $161.00 to $173.00 and gave the stock an “overweight” rating in a report on Wednesday, March 8th. BMO Capital Markets raised their price objective on shares of CrowdStrike from $153.00 to $165.00 in a report on Thursday, June 1st. JPMorgan Chase & Co. raised their price objective on shares of CrowdStrike from $137.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 8th. Evercore ISI dropped their price objective on shares of CrowdStrike from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Wednesday, March 8th. Finally, Stifel Nicolaus raised their price objective on shares of CrowdStrike from $125.00 to $128.00 in a report on Thursday, June 1st. Five equities research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $176.88.

Insider Buying and Selling

In related news, CEO George Kurtz sold 59,465 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $144.26, for a total value of $8,578,420.90. Following the completion of the sale, the chief executive officer now directly owns 1,119,971 shares of the company’s stock, valued at $161,567,016.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO George Kurtz sold 59,465 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $144.26, for a total value of $8,578,420.90. Following the completion of the sale, the chief executive officer now directly owns 1,119,971 shares of the company’s stock, valued at $161,567,016.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Michael Sentonas sold 10,551 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $150.48, for a total transaction of $1,587,714.48. Following the completion of the sale, the president now directly owns 381,289 shares of the company’s stock, valued at $57,376,368.72. The disclosure for this sale can be found here. Insiders sold a total of 94,479 shares of company stock valued at $13,775,178 over the last three months. 5.68% of the stock is owned by company insiders.

CrowdStrike Stock Down 0.6 %

Shares of CRWD opened at $145.96 on Tuesday. The firm has a market capitalization of $34.61 billion, a P/E ratio of -224.55, a P/E/G ratio of 84.94 and a beta of 0.96. CrowdStrike Holdings, Inc. has a 12-month low of $92.25 and a 12-month high of $205.73. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average price of $142.05 and a 200-day moving average price of $125.83.

CrowdStrike (NASDAQ:CRWD – Free Report) last issued its earnings results on Wednesday, May 31st. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.13. The firm had revenue of $692.58 million during the quarter, compared to analyst estimates of $677.30 million. CrowdStrike had a negative net margin of 6.18% and a negative return on equity of 8.76%. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.06 earnings per share for the current year.

About CrowdStrike

(Free Report)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.