Provident Living Financial Services Inc. Acquires New Holdings in CrowdStrike $CRWD

Provident Living Financial Services Inc. acquired a new stake in CrowdStrike (NASDAQ:CRWD) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,409 shares of the company’s stock, valued at approximately $1,129,000. CrowdStrike accounts for about 1.1% of Provident Living Financial Services Inc.’s holdings, making the stock its 18th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Asset Planning Inc bought a new stake in CrowdStrike in the 3rd quarter valued at about $25,000. Pilgrim Partners Asia Pte Ltd bought a new stake in CrowdStrike in the 3rd quarter valued at about $25,000. Anchor Investment Management LLC bought a new stake in CrowdStrike in the 3rd quarter valued at about $25,000. Hanson & Doremus Investment Management lifted 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 during the last quarter. Finally, Logan Capital Management Inc. bought a new stake in CrowdStrike in the 3rd quarter valued at about $26,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Up 0.8%

CrowdStrike stock opened at $426.51 on Thursday. The firm has a 50 day simple moving average of $408.60 and a 200-day simple moving average of $465.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market capitalization of $108.17 billion, a PE ratio of -576.36, a price-to-earnings-growth ratio of 17.51 and a beta of 1.07. CrowdStrike has a 12-month low of $324.49 and a 12-month high of $566.90.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. CrowdStrike had a negative net margin of 3.81% and a negative return on equity of 0.14%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the firm posted $1.03 earnings per share. The business’s revenue was up 23.8% on a year-over-year basis. As a group, equities research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

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

Key CrowdStrike News

Here are the key news stories impacting CrowdStrike this week:

• Positive Sentiment: CrowdStrike was named a founding partner in Anthropic’s Project Glasswing, positioning the company as a preferred security vendor for AI deployments and driving renewed demand for its cloud-native endpoint and AI-related security offerings. CrowdStrike, Palo Alto jump on board to enhance security for AI era under Project Glasswing
• Positive Sentiment: J.P. Morgan reiterated an overweight stance on CRWD, arguing AI rollouts (e.g., Anthropic’s Claude Mythos/Glasswing) are a growth catalyst for best-of-breed cybersecurity names — analyst coverage like this supports upside expectations. Why JPMorgan sees further upside in Palo Alto and CrowdStrike stocks
• Positive Sentiment: CrowdStrike’s board approved a $500 million share repurchase program, signaling management’s view that the stock is attractively valued and supporting buy-side demand (though the authorization covers about 0.5% of shares). CrowdStrike (NASDAQ:CRWD) Board Approves Share Repurchase Program
• Neutral Sentiment: Media coverage is broadly positive, noting that Anthropic’s coalition validates incumbent cybersecurity vendors rather than replacing them — this carries reputational upside but uncertain near-term revenue impact. CrowdStrike, Palo Alto Networks shares pop as cybersecurity bulls finally get some AI validation
• Negative Sentiment: Some commentary reiterates caution around analyst optimism and valuation — while analysts remain constructive, investors should weigh premium multiples and execution risk as expectations rise. Is It Worth Investing in CrowdStrike (CRWD) Based on Wall Street’s Bullish Views?

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,138 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $411.06, for a total value of $467,786.28. Following the sale, the chief accounting officer directly owned 42,588 shares in the company, valued at $17,506,223.28. The trade was a 2.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Burt W. Podbere sold 7,871 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $415.78, for a total transaction of $3,272,604.38. Following the completion of the sale, the chief financial officer owned 169,613 shares in the company, valued at $70,521,693.14. The trade was a 4.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 68,636 shares of company stock worth $28,690,657. Company insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Robert W. Baird cut their price objective on shares of CrowdStrike from $550.00 to $450.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Loop Capital set a $550.00 price target on shares of CrowdStrike in a research report on Thursday, December 11th. BMO Capital Markets reduced their price target on shares of CrowdStrike from $555.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Evercore decreased their price objective on shares of CrowdStrike from $460.00 to $375.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. Finally, Piper Sandler upgraded shares of CrowdStrike from a “neutral” rating to an “overweight” rating and set a $520.00 price objective for the company in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $504.98.

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.