CrowdStrike $CRWD Shares Bought by FRG Family Wealth Advisors LLC

FRG Family Wealth Advisors LLC raised its stake in CrowdStrike (NASDAQ:CRWDFree Report) by 132.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,846 shares of the company’s stock after purchasing an additional 2,195 shares during the quarter. FRG Family Wealth Advisors LLC’s holdings in CrowdStrike were worth $1,803,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Asset Planning Inc acquired a new stake in CrowdStrike in the 3rd quarter valued at 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. acquired a new stake in CrowdStrike in the 3rd quarter valued at about $26,000. Finally, Hanson & Doremus Investment Management raised its position in CrowdStrike by 170.0% in the 4th quarter. Hanson & Doremus Investment Management now owns 54 shares of the company’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $423.23 on Wednesday. The stock’s 50-day moving average is $409.46 and its two-hundred day moving average is $466.03. The firm has a market cap of $107.34 billion, a price-to-earnings ratio of -571.92, a PEG ratio of 17.51 and a beta of 1.07. CrowdStrike has a 1 year low of $318.38 and a 1 year high of $566.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 1.77.

CrowdStrike (NASDAQ:CRWDGet Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. CrowdStrike had a negative return on equity of 0.14% and a negative net margin of 3.81%.The business’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. Analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

CrowdStrike announced that its board has approved a stock buyback program on Monday, April 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 0.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

More CrowdStrike News

Here are the key news stories impacting CrowdStrike this week:

Insider Activity

In related news, Director Johanna Flower sold 3,000 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the completion of the sale, the director owned 76,082 shares in the company, valued at $35,145,319.08. This represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO George Kurtz sold 28,853 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total transaction of $11,916,577.53. Following the sale, the chief executive officer owned 2,054,902 shares of the company’s stock, valued at approximately $848,695,075.02. This represents a 1.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 68,636 shares of company stock worth $28,690,657 over the last 90 days. 3.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on CRWD shares. Sanford C. Bernstein raised their price target on CrowdStrike from $353.00 to $368.00 and gave the company a “market perform” rating in a research note on Wednesday, March 4th. Loop Capital set a $550.00 price target on CrowdStrike in a research note on Thursday, December 11th. Argus cut their price target on CrowdStrike from $600.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. DA Davidson raised their price target on CrowdStrike from $425.00 to $455.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, Jefferies Financial Group cut their price target on CrowdStrike from $600.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $504.98.

Check Out Our Latest Stock Analysis on CRWD

About CrowdStrike

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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