Capital Investment Advisory Services LLC Sells 706 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Capital Investment Advisory Services LLC trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,830 shares of the company’s stock after selling 706 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in CrowdStrike were worth $978,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth $26,000. Bear Mountain Capital Inc. acquired a new position in shares of CrowdStrike during the fourth quarter worth $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of CrowdStrike during the fourth quarter worth $36,000. Quent Capital LLC raised its stake in CrowdStrike by 48.5% during the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after buying an additional 48 shares during the last quarter. Finally, Silver Oak Securities Incorporated bought a new position in CrowdStrike during the third quarter worth $27,000. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Wednesday, January 17th. Wedbush lifted their target price on shares of CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Citigroup lifted their target price on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, KeyCorp decreased their price target on shares of CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a research note on Thursday. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Stock Performance

Shares of CRWD stock traded up $0.15 during trading on Monday, reaching $282.79. 641,256 shares of the company’s stock traded hands, compared to its average volume of 3,578,590. The firm’s 50-day moving average is $317.72 and its 200 day moving average is $265.11. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $68.40 billion, a P/E ratio of 783.61, a PEG ratio of 11.30 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 1 year low of $115.67 and a 1 year high of $365.00.

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

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,019 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock valued at $72,113,932 in the last quarter. Insiders own 5.68% of the company’s stock.

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.