Wedbush Securities Inc. Boosts Stake in CrowdStrike $CRWD

Wedbush Securities Inc. raised its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 25.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,181 shares of the company’s stock after buying an additional 2,094 shares during the period. Wedbush Securities Inc.’s holdings in CrowdStrike were worth $4,993,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Asset Planning Inc bought a new stake in shares of CrowdStrike during the 3rd quarter worth approximately $25,000. Pilgrim Partners Asia Pte Ltd bought a new position in CrowdStrike in the 3rd quarter valued at $25,000. AlphaQuest LLC purchased a new stake in CrowdStrike in the second quarter worth $26,000. Howard Hughes Medical Institute bought a new stake in shares of CrowdStrike during the second quarter worth $27,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of CrowdStrike during the third quarter valued at $27,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In other CrowdStrike news, Director Denis Oleary sold 7,750 shares of CrowdStrike stock in a transaction on Friday, December 5th. The shares were sold at an average price of $515.44, for a total value of $3,994,660.00. Following the transaction, the director directly owned 10,816 shares of the company’s stock, valued at approximately $5,574,999.04. The trade was a 41.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 11,461 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total value of $5,498,758.58. Following the transaction, the president directly owned 342,655 shares in the company, valued at approximately $164,399,015.90. The trade was a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 100,247 shares of company stock worth $45,722,274 over the last 90 days. 3.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CRWD shares. The Goldman Sachs Group raised their price target on shares of CrowdStrike from $535.00 to $564.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Stephens restated an “overweight” rating and issued a $590.00 target price on shares of CrowdStrike in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CrowdStrike in a research report on Monday, December 29th. Jefferies Financial Group boosted their price target on CrowdStrike from $515.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on CrowdStrike from $435.00 to $475.00 and gave the stock a “hold” rating in a research note on Wednesday, December 3rd. Thirty-one equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $553.73.

CrowdStrike Trading Up 0.6%

Shares of NASDAQ CRWD opened at $415.81 on Thursday. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90. The business has a fifty day moving average price of $464.22 and a 200 day moving average price of $474.00. The stock has a market capitalization of $104.82 billion, a P/E ratio of -330.01, a price-to-earnings-growth ratio of 23.66 and a beta of 1.03. 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 (NASDAQ:CRWD) last posted its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Equities research analysts expect that CrowdStrike will post 0.55 EPS 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.