CrowdStrike $CRWD Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in shares of CrowdStrike (NASDAQ:CRWD) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,898 shares of the company’s stock after selling 2,278 shares during the period. Yousif Capital Management LLC’s holdings in CrowdStrike were worth $11,466,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CRWD. Asset Planning Inc purchased a new stake in shares of CrowdStrike during the third quarter worth about $25,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of CrowdStrike during the third quarter worth about $25,000. Anchor Investment Management LLC purchased a new stake in shares of CrowdStrike during the third quarter worth about $25,000. Hanson & Doremus Investment Management grew its holdings in shares of CrowdStrike by 170.0% during the fourth quarter. Hanson & Doremus Investment Management now owns 54 shares of the company’s stock worth $25,000 after buying an additional 34 shares in the last quarter. Finally, Miller Global Investments LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $26,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Michael Sentonas sold 19,367 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $411.06, for a total transaction of $7,960,999.02. Following the transaction, the president directly owned 406,944 shares of the company’s stock, valued at approximately $167,278,400.64. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Johanna Flower sold 3,000 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the transaction, the director directly owned 76,082 shares in the company, valued at approximately $35,145,319.08. The trade was a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 68,636 shares of company stock valued at $28,690,657 over the last quarter. 3.32% of the stock is owned by insiders.

CrowdStrike Trading Up 0.8%

Shares of CRWD stock opened at $426.51 on Thursday. The stock has a market cap of $108.17 billion, a price-to-earnings ratio of -576.36, a price-to-earnings-growth ratio of 17.51 and a beta of 1.07. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.17. CrowdStrike has a fifty-two week low of $324.49 and a fifty-two week high of $566.90. The firm’s 50 day moving average price is $408.60 and its two-hundred day moving average price is $465.75.

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

CrowdStrike declared that its board has approved a share repurchase program on Monday, April 6th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 0.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have recently commented on CRWD. Wolfe Research upgraded shares of CrowdStrike from a “peer perform” rating to an “outperform” rating and set a $450.00 price target for the company in a report on Monday, March 30th. Weiss Ratings restated a “sell (d+)” rating on shares of CrowdStrike in a report on Monday, December 29th. Citigroup lowered their target price on shares of CrowdStrike from $610.00 to $525.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. BTIG Research lowered their target price on shares of CrowdStrike from $640.00 to $499.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Finally, Robert W. Baird lowered their target price on shares of CrowdStrike from $550.00 to $450.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $504.98.

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.