Focus Partners Wealth Acquires 60,447 Shares of CrowdStrike $CRWD

Focus Partners Wealth lifted its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 142.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 102,847 shares of the company’s stock after purchasing an additional 60,447 shares during the period. Focus Partners Wealth’s holdings in CrowdStrike were worth $50,344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Asset Planning Inc acquired a new position in CrowdStrike during the 3rd quarter worth about $25,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in CrowdStrike in the 3rd quarter valued at about $25,000. Anchor Investment Management LLC acquired a new stake in CrowdStrike in the 3rd quarter valued at about $25,000. Logan Capital Management Inc. bought a new position in shares of CrowdStrike in the third quarter worth about $26,000. Finally, Howard Hughes Medical Institute acquired a new position in shares of CrowdStrike during the second quarter worth approximately $27,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on CRWD. Jefferies Financial Group decreased their price target on shares of CrowdStrike from $600.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Truist Financial reduced their price objective on CrowdStrike from $600.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Canaccord Genuity Group decreased their price objective on CrowdStrike from $515.00 to $400.00 and set a “hold” rating on the stock in a research report on Wednesday, March 4th. Needham & Company LLC lowered their target price on CrowdStrike from $575.00 to $475.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Finally, BTIG Research dropped their target price on CrowdStrike from $640.00 to $499.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $506.26.

CrowdStrike Price Performance

Shares of CRWD stock opened at $423.84 on Tuesday. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The stock has a market cap of $107.49 billion, a PE ratio of -572.75, a PEG ratio of 19.38 and a beta of 1.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 1.77. The firm’s 50 day moving average price is $427.97 and its two-hundred day moving average price is $469.88.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, March 3rd. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. CrowdStrike had a negative net margin of 3.81% and a negative return on equity of 0.14%. The business’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. As a group, analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In related news, CFO Burt W. Podbere sold 7,871 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $415.78, for a total value of $3,272,604.38. Following the completion of the sale, the chief financial officer owned 169,613 shares in the company, valued at approximately $70,521,693.14. This represents a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 836 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $476.83, for a total value of $398,629.88. Following the completion of the sale, the chief accounting officer owned 43,726 shares of the company’s stock, valued at $20,849,868.58. This represents a 1.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 90,024 shares of company stock valued at $40,424,241 over the last quarter. 3.32% of the stock is owned by corporate insiders.

CrowdStrike 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.