Global Retirement Partners LLC Has $233,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Posted by Defense World Staff on Aug 10th, 2023

Global Retirement Partners LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) by 21.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,979 shares of the company’s stock after buying an additional 350 shares during the quarter. Global Retirement Partners LLC’s holdings in CrowdStrike were worth $233,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. acquired a new stake in CrowdStrike in the 4th quarter worth about $25,000. Freedom Wealth Alliance LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $32,000. Glassman Wealth Services boosted 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 valued at $34,000 after buying an additional 96 shares during the period. Psagot Value Holdings Ltd. Israel acquired a new stake in CrowdStrike during the fourth quarter worth approximately $37,000. Finally, Rise Advisors LLC increased its stake in CrowdStrike by 41.7% during the 1st 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. Institutional investors own 61.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CRWD. Needham & Company LLC reissued a “buy” rating and set a $170.00 target price on shares of CrowdStrike in a report on Friday, July 14th. Morgan Stanley boosted their target price on shares of CrowdStrike from $163.00 to $178.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. Royal Bank of Canada lifted their price objective on shares of CrowdStrike from $170.00 to $180.00 in a research note on Tuesday, May 30th. The Goldman Sachs Group upped their target price on CrowdStrike from $159.00 to $167.00 in a research note on Thursday, June 1st. Finally, TheStreet raised CrowdStrike from a “d+” rating to a “c” rating in a report on Wednesday, May 31st. Five equities research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.25.

View Our Latest Report on CrowdStrike

Insider Activity

In related news, Director Roxanne S. Austin sold 20,000 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $154.32, for a total value of $3,086,400.00. Following the transaction, the director now directly owns 37,656 shares of the company’s stock, valued at approximately $5,811,073.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other CrowdStrike news, Director Roxanne S. Austin sold 20,000 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $154.32, for a total value of $3,086,400.00. Following the sale, the director now directly owns 37,656 shares in the company, valued at $5,811,073.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 815 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total value of $122,641.20. Following the transaction, the chief accounting officer now directly owns 31,852 shares in the company, valued at approximately $4,793,088.96. The disclosure for this sale can be found here. Insiders sold a total of 342,479 shares of company stock valued at $51,344,648 over the last three months. Corporate insiders own 5.68% of the company’s stock.

CrowdStrike Trading Down 0.3 %

NASDAQ CRWD opened at $145.46 on Thursday. 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 market capitalization of $34.49 billion, a P/E ratio of -223.78, a PEG ratio of 43.55 and a beta of 0.96. The business has a fifty day simple moving average of $150.64 and a 200 day simple moving average of $134.97. CrowdStrike Holdings, Inc. has a 12 month low of $92.25 and a 12 month high of $205.73.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last released its quarterly earnings results on Wednesday, May 31st. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.13. CrowdStrike had a negative net margin of 6.18% and a negative return on equity of 8.76%. The company had revenue of $692.58 million for the quarter, compared to analyst estimates of $677.30 million. On average, analysts predict that CrowdStrike Holdings, Inc. will post 0.12 EPS for the current fiscal 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.