PNC Financial Services Group Inc. Acquires 4,083 Shares of CrowdStrike $CRWD

PNC Financial Services Group Inc. grew its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 3.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 117,477 shares of the company’s stock after acquiring an additional 4,083 shares during the quarter. PNC Financial Services Group Inc.’s holdings in CrowdStrike were worth $57,608,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Advyzon Investment Management LLC raised its stake in shares of CrowdStrike by 142.9% in the second quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock worth $461,000 after purchasing an additional 533 shares during the last quarter. Carnegie Investment Counsel increased its holdings in CrowdStrike by 6.7% in the 3rd quarter. Carnegie Investment Counsel now owns 22,601 shares of the company’s stock worth $11,083,000 after buying an additional 1,428 shares in the last quarter. Silver Oak Securities Incorporated raised its position in CrowdStrike by 394.8% in the 3rd quarter. Silver Oak Securities Incorporated now owns 2,954 shares of the company’s stock worth $1,449,000 after buying an additional 2,357 shares during the last quarter. Traynor Capital Management Inc. lifted its stake in CrowdStrike by 10.9% during the 3rd quarter. Traynor Capital Management Inc. now owns 53,117 shares of the company’s stock valued at $26,047,000 after acquiring an additional 5,205 shares during the period. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of CrowdStrike by 7.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 22,253 shares of the company’s stock valued at $10,912,000 after acquiring an additional 1,512 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 28,853 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $848,695,075.02. This represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 836 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $476.83, for a total transaction of $398,629.88. Following the completion of the sale, the chief accounting officer directly owned 43,726 shares of the company’s stock, valued at approximately $20,849,868.58. This trade represents a 1.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 100,247 shares of company stock worth $45,722,274 in the last 90 days. Insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

CRWD has been the subject of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of CrowdStrike in a report on Monday, December 29th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research report on Monday, November 24th. BTIG Research reissued a “buy” rating and set a $640.00 price target on shares of CrowdStrike in a report on Tuesday, January 13th. Needham & Company LLC raised their price target on CrowdStrike from $535.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Finally, TD Cowen reaffirmed a “buy” rating on shares of CrowdStrike in a report on Thursday, January 8th. Thirty-one research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $552.17.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $429.64 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a 50-day simple moving average of $458.83 and a two-hundred day simple moving average of $473.22. The firm has a market capitalization of $108.31 billion, a PE ratio of -340.98, a P/E/G ratio of 24.59 and a beta of 1.03. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 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 firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $0.93 earnings per share. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. Analysts forecast that CrowdStrike will post 0.55 EPS for the current 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.