CSM Advisors LLC Acquires Shares of 2,660 CrowdStrike $CRWD

CSM Advisors LLC bought a new position in shares of CrowdStrike (NASDAQ:CRWD) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,660 shares of the company’s stock, valued at approximately $1,307,000.

Several other large investors have also recently modified their holdings of CRWD. Disciplined Equity Management Inc. boosted its holdings in CrowdStrike by 0.8% in the 3rd quarter. Disciplined Equity Management Inc. now owns 2,405 shares of the company’s stock worth $1,179,000 after buying an additional 20 shares during the period. TD Private Client Wealth LLC raised its holdings in CrowdStrike by 6.4% during the 3rd quarter. TD Private Client Wealth LLC now owns 334 shares of the company’s stock valued at $164,000 after acquiring an additional 20 shares during the period. Financially Speaking Inc raised its holdings in CrowdStrike by 26.7% during the 3rd quarter. Financially Speaking Inc now owns 95 shares of the company’s stock valued at $47,000 after acquiring an additional 20 shares during the period. Catalyst Financial Partners LLC lifted its position in shares of CrowdStrike by 1.6% during the third quarter. Catalyst Financial Partners LLC now owns 1,246 shares of the company’s stock worth $611,000 after acquiring an additional 20 shares in the last quarter. Finally, Fire Capital Management LLC boosted its holdings in shares of CrowdStrike by 1.7% in the third quarter. Fire Capital Management LLC now owns 1,239 shares of the company’s stock worth $608,000 after acquiring an additional 21 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, CFO Burt W. Podbere sold 10,516 shares of CrowdStrike stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $483.33, for a total value of $5,082,698.28. Following the transaction, the chief financial officer directly owned 179,114 shares of the company’s stock, valued at $86,571,169.62. The trade was a 5.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,530 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $479.78, for a total transaction of $734,063.40. Following the sale, the chief accounting officer owned 44,562 shares of the company’s stock, valued at $21,379,956.36. This represents a 3.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 90,024 shares of company stock worth $40,424,241 over the last 90 days. Insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of CrowdStrike in a research report on Monday, December 29th. TD Cowen dropped their price objective on CrowdStrike from $580.00 to $480.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Stifel Nicolaus cut their target price on CrowdStrike from $600.00 to $480.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Macquarie Infrastructure reaffirmed a “neutral” rating and set a $485.00 target price on shares of CrowdStrike in a report on Tuesday, January 27th. Finally, Berenberg Bank set a $600.00 price target on CrowdStrike and gave the company a “buy” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $506.26.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $423.84 on Tuesday. The company’s fifty day moving average price is $427.97 and its 200-day moving average price is $469.88. CrowdStrike has a one year low of $298.00 and a one year high of $566.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market capitalization of $107.49 billion, a price-to-earnings ratio of -572.75, a PEG ratio of 19.38 and a beta of 1.07.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. CrowdStrike had a negative return on equity of 0.14% and a negative net margin of 3.81%.The company’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. On average, equities research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.