Focus Financial Network Inc. ADV Buys New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)


Focus Financial Network Inc. ADV bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,193 shares of the company’s stock, valued at approximately $815,000.

Several other institutional investors and hedge funds have also made changes to their positions in CRWD. Principal Financial Group Inc. grew its stake in shares of CrowdStrike by 2.7% in the third quarter. Principal Financial Group Inc. now owns 26,194 shares of the company’s stock worth $4,384,000 after acquiring an additional 677 shares in the last quarter. Savant Capital LLC acquired a new position in CrowdStrike during the 3rd quarter worth approximately $215,000. Atria Investments Inc increased its position in shares of CrowdStrike by 6.3% in the 3rd quarter. Atria Investments Inc now owns 11,340 shares of the company’s stock valued at $1,898,000 after purchasing an additional 673 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of CrowdStrike by 11.4% during the 3rd quarter. Metis Global Partners LLC now owns 3,605 shares of the company’s stock worth $603,000 after purchasing an additional 370 shares during the last quarter. Finally, Financial Counselors Inc. purchased a new position in CrowdStrike in the third quarter valued at $217,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CRWD shares. BMO Capital Markets upped their target price on shares of CrowdStrike from $332.00 to $425.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Wedbush boosted their target price on CrowdStrike from $278.00 to $350.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Evercore ISI raised their price target on CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Truist Financial boosted their price objective on CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, BTIG Research lifted their target price on shares of CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $373.95.

Get Our Latest Report on CRWD

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO Anurag Saha sold 1,019 shares of CrowdStrike 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 owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Burt W. Podbere sold 26,097 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.61, for a total transaction of $8,497,444.17. Following the completion of the sale, the chief financial officer now directly owns 347,792 shares in the company, valued at approximately $113,244,553.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 317,000 shares of company stock worth $101,229,160. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $2.25 on Friday, hitting $313.67. The company had a trading volume of 5,401,839 shares, compared to its average volume of 2,594,977. The business has a 50-day simple moving average of $318.07 and a 200-day simple moving average of $292.89. 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 cap of $75.87 billion, a PE ratio of 871.33, a PEG ratio of 12.64 and a beta of 1.08. CrowdStrike Holdings, Inc. has a 52 week low of $139.37 and a 52 week high of $365.00.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last posted its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. The company had revenue of $845.34 million during 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%. Research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

CrowdStrike Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

Before you consider CrowdStrike, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and CrowdStrike wasn’t on the list.

While CrowdStrike currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Click the link below and we’ll send you MarketBeat’s list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *