Cynosure Group LLC Makes New $305,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cynosure Group LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 952 shares of the company’s stock, valued at approximately $305,000.

Other large investors have also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp bought a new position in CrowdStrike in the fourth quarter worth about $1,228,000. Financial Counselors Inc. lifted its holdings in CrowdStrike by 3.9% in the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after acquiring an additional 50 shares during the last quarter. Highland Capital Management LLC raised its holdings in shares of CrowdStrike by 0.6% during the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock valued at $8,286,000 after buying an additional 181 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $58,000. Finally, Saxony Capital Management LLC bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $1,756,000. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, President Michael Sentonas sold 10,735 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the transaction, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $333.52, for a total value of $1,334,080.00. Following the completion of the transaction, the insider now directly owns 204,961 shares in the company, valued at $68,358,592.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the sale, the president now directly owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 219,675 shares of company stock worth $76,931,522. 4.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Redburn Atlantic cut CrowdStrike from a “neutral” rating to a “sell” rating and cut their price target for the company from $380.00 to $275.00 in a report on Thursday, July 18th. FBN Securities raised CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Scotiabank cut CrowdStrike from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $393.00 to $300.00 in a report on Monday. KeyCorp cut their price target on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Finally, Mizuho cut their price target on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $364.95.

CrowdStrike Trading Up 3.8 %

NASDAQ:CRWD traded up $10.15 during mid-day trading on Tuesday, hitting $274.06. The company had a trading volume of 20,469,092 shares, compared to its average volume of 4,809,860. CrowdStrike Holdings, Inc. has a fifty-two week low of $140.52 and a fifty-two week high of $398.33. The business’s fifty day moving average is $360.57 and its two-hundred day moving average is $326.86. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market cap of $66.70 billion, a P/E ratio of 514.25, a P/E/G ratio of 15.37 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current year.

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.