ProVise Management Group LLC Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

ProVise Management Group LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 900 shares of the company’s stock, valued at approximately $230,000.

Other hedge funds also recently bought and sold shares of the company. Cigna Investments Inc. New raised its stake in CrowdStrike by 1.7% during the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock valued at $592,000 after purchasing an additional 38 shares during the period. Fagan Associates Inc. raised its position in shares of CrowdStrike by 0.5% during the fourth quarter. Fagan Associates Inc. now owns 9,650 shares of the company’s stock valued at $2,464,000 after buying an additional 45 shares during the last quarter. Quent Capital LLC raised its position in shares of CrowdStrike by 48.5% during the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock valued at $38,000 after buying an additional 48 shares during the last quarter. Advisory Resource Group boosted its position in shares of CrowdStrike by 0.7% during the third quarter. Advisory Resource Group now owns 6,670 shares of the company’s stock worth $1,116,000 after acquiring an additional 49 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its stake in CrowdStrike by 23.9% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 254 shares of the company’s stock valued at $65,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CRWD. KeyCorp dropped their price objective on shares of CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Barclays raised their price target on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Susquehanna upped their price objective on CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a report on Thursday, March 7th. HSBC increased their target price on CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, BTIG Research boosted their price target on shares of CrowdStrike from $322.00 to $432.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $371.87.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the transaction, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the sale, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders sold a total of 317,000 shares of company stock worth $101,229,160 over the last three months. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 2.7 %

Shares of NASDAQ CRWD traded up $9.12 during mid-day trading on Friday, reaching $351.47. 2,669,970 shares of the company were exchanged, compared to its average volume of 2,452,240. CrowdStrike Holdings, Inc. has a 1 year low of $139.37 and a 1 year high of $365.00. The firm has a 50-day moving average of $317.04 and a 200 day moving average of $288.68. The stock has a market cap of $85.01 billion, a price-to-earnings ratio of 976.33, a P/E/G ratio of 14.06 and a beta of 1.08. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

CrowdStrike Company Profile

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.