GraniteShares Advisors LLC Sells 1,434 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

GraniteShares Advisors LLC lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 29.1% in the 4th quarter, HoldingsChannel reports. The firm owned 3,502 shares of the company’s stock after selling 1,434 shares during the quarter. GraniteShares Advisors LLC’s holdings in CrowdStrike were worth $894,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Coppell Advisory Solutions Corp. purchased a new stake in CrowdStrike in the fourth quarter worth approximately $25,000. CVA Family Office LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $26,000. Silver Oak Securities Incorporated purchased a new stake in shares of CrowdStrike in the 3rd quarter valued at $27,000. Bear Mountain Capital Inc. bought a new position in shares of CrowdStrike during the 4th quarter valued at $27,000. Finally, Gradient Investments LLC raised its position in CrowdStrike by 1,818.2% in the 3rd quarter. Gradient Investments LLC now owns 211 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 18,747 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the completion of the transaction, the president now directly owns 382,958 shares of the company’s stock, valued at $124,767,716.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, President Michael Sentonas sold 18,747 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the completion of the transaction, the president now directly owns 382,958 shares of the company’s stock, valued at $124,767,716.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Burt W. Podbere sold 64,000 shares of CrowdStrike stock in a transaction on Monday, April 1st. The stock was sold at an average price of $316.48, for a total transaction of $20,254,720.00. Following the transaction, the chief financial officer now directly owns 306,508 shares of the company’s stock, valued at $97,003,651.84. The disclosure for this sale can be found here. Insiders sold 219,544 shares of company stock valued at $70,878,772 over the last three months. 5.68% of the stock is owned by company insiders.

CrowdStrike Price Performance

Shares of CRWD stock traded down $0.35 on Tuesday, reaching $299.15. The company’s stock had a trading volume of 1,826,428 shares, compared to its average volume of 3,664,946. The stock’s fifty day simple moving average is $319.77 and its 200-day simple moving average is $261.55. CrowdStrike Holdings, Inc. has a 1 year low of $115.67 and a 1 year high of $365.00. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $72.36 billion, a price-to-earnings ratio of 832.75, a price-to-earnings-growth ratio of 12.36 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The firm had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. Analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on CRWD. Morgan Stanley lifted their price objective on CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. Barclays boosted their target price on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Wedbush boosted their price objective on shares of CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Rosenblatt Securities reissued a “buy” rating and issued a $400.00 price target on shares of CrowdStrike in a research report on Monday, April 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Thursday, March 14th. One investment analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.29.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.