EdgeRock Capital LLC Purchases New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

EdgeRock Capital LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 252 shares of the company’s stock, valued at approximately $64,000.

Other large investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in CrowdStrike in the 4th quarter valued at $26,000. Hexagon Capital Partners LLC bought a new position in CrowdStrike in the fourth quarter valued at approximately $26,000. Silver Oak Securities Incorporated bought a new stake in shares of CrowdStrike during the 3rd quarter valued at $27,000. Bear Mountain Capital Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at $27,000. Finally, Gradient Investments LLC grew its stake in shares of CrowdStrike by 1,818.2% during the third quarter. Gradient Investments LLC now owns 211 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of a number of recent analyst reports. BMO Capital Markets raised their target price on CrowdStrike from $332.00 to $425.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Guggenheim increased their target price on shares of CrowdStrike from $358.00 to $424.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Wednesday, April 17th. Piper Sandler raised their price objective on CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, Macquarie reissued an “outperform” rating and issued a $370.00 target price on shares of CrowdStrike in a research note on Tuesday, March 19th. 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $371.87.

CrowdStrike Price Performance

NASDAQ:CRWD traded up $1.21 during trading hours on Wednesday, hitting $313.76. The company’s stock had a trading volume of 2,071,385 shares, compared to its average volume of 3,459,634. The stock has a fifty day simple moving average of $313.23 and a 200-day simple moving average of $275.18. CrowdStrike Holdings, Inc. has a twelve month low of $129.16 and a twelve month high of $365.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market capitalization of $75.89 billion, a P/E ratio of 871.58, a PEG ratio of 12.41 and a beta of 1.08.

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

Insider Activity

In related news, CFO Burt W. Podbere sold 15,753 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $305.15, for a total value of $4,807,027.95. Following the completion of the sale, the chief financial officer now directly owns 313,994 shares in the company, valued at $95,815,269.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Burt W. Podbere sold 15,753 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the completion of the sale, the chief financial officer now owns 313,994 shares of the company’s stock, valued at $95,815,269.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was 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. Over the last 90 days, insiders sold 295,576 shares of company stock valued at $94,052,850. Insiders own 5.68% of the company’s stock.

CrowdStrike 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.