Laurel Wealth Advisors LLC Sells 4,284,224 Shares of CrowdStrike $CRWD

Laurel Wealth Advisors LLC lowered its stake in CrowdStrike (NASDAQ:CRWDFree Report) by 99.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,260 shares of the company’s stock after selling 4,284,224 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in CrowdStrike were worth $4,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CRWD. Disciplined Equity Management Inc. lifted its holdings in CrowdStrike by 0.8% during the third quarter. Disciplined Equity Management Inc. now owns 2,405 shares of the company’s stock valued at $1,179,000 after purchasing an additional 20 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of 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 purchasing an additional 20 shares during the period. Financially Speaking Inc raised its position in shares of 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 purchasing an additional 20 shares during the period. Catalyst Financial Partners LLC lifted its stake in shares of CrowdStrike by 1.6% during the 3rd quarter. Catalyst Financial Partners LLC now owns 1,246 shares of the company’s stock valued at $611,000 after buying an additional 20 shares in the last quarter. Finally, Fire Capital Management LLC lifted its stake in shares of CrowdStrike by 1.7% during the 3rd quarter. Fire Capital Management LLC now owns 1,239 shares of the company’s stock valued at $608,000 after buying an additional 21 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 28,853 shares of CrowdStrike stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $413.01, for a total value of $11,916,577.53. Following the completion of the transaction, the chief executive officer directly owned 2,054,902 shares of the company’s stock, valued at $848,695,075.02. This trade represents a 1.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Michael Sentonas sold 11,461 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the completion of the sale, the president owned 342,655 shares in the company, valued at approximately $164,399,015.90. This trade represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 100,247 shares of company stock valued at $45,722,274 over the last ninety days. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $371.98 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90. The business has a 50 day simple moving average of $438.69 and a two-hundred day simple moving average of $469.83. The stock has a market capitalization of $93.78 billion, a PE ratio of -295.22, a P/E/G ratio of 20.93 and a beta of 1.07.

CrowdStrike (NASDAQ:CRWDGet Free Report) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm earned $0.93 EPS. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Key Stories Impacting CrowdStrike

Here are the key news stories impacting CrowdStrike this week:

Analyst Ratings Changes

A number of brokerages have issued reports on CRWD. Mizuho cut their price target on CrowdStrike from $540.00 to $490.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $353.00 price objective on shares of CrowdStrike in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft increased their target price on CrowdStrike from $435.00 to $475.00 and gave the stock a “hold” rating in a research report on Wednesday, December 3rd. Oppenheimer lowered their price target on CrowdStrike from $580.00 to $500.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Finally, Daiwa Securities Group upped their price target on CrowdStrike from $530.00 to $560.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Thirty-one investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $528.74.

Check Out Our Latest Stock Report on CrowdStrike

CrowdStrike Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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