FourThought Financial Partners LLC Reduces Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

FourThought Financial Partners LLC cut its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,644 shares of the company’s stock after selling 4,255 shares during the quarter. FourThought Financial Partners LLC’s holdings in CrowdStrike were worth $4,760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CVA Family Office LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $26,000. Hexagon Capital Partners LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $26,000. Silver Oak Securities Incorporated bought a new stake in shares of CrowdStrike in the 3rd quarter valued at approximately $27,000. Bear Mountain Capital Inc. bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $27,000. Finally, Gradient Investments LLC increased its holdings in shares of CrowdStrike by 1,818.2% in the 3rd quarter. Gradient Investments LLC now owns 211 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CRWD. Wedbush boosted their price objective on CrowdStrike from $278.00 to $350.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Rosenblatt Securities restated a “buy” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Monday, April 8th. Raymond James assumed coverage on CrowdStrike in a research report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 price objective for the company. Mizuho boosted their price target on CrowdStrike from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Truist Financial raised their price target on CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $371.87.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now directly owns 208,961 shares in the company, valued at approximately $64,525,067.19. 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 three months. 5.68% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

Shares of CRWD traded up $6.67 on Friday, hitting $310.21. The company’s stock had a trading volume of 4,080,846 shares, compared to its average volume of 2,179,299. The company has a market capitalization of $75.03 billion, a PE ratio of 861.72, a PEG ratio of 12.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. CrowdStrike Holdings, Inc. has a fifty-two week low of $117.45 and a fifty-two week high of $365.00. The company has a 50 day moving average price of $313.47 and a 200 day moving average price of $272.11.

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