Granite Bay Wealth Management LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Granite Bay Wealth Management LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,836 shares of the company’s stock, valued at approximately $1,682,000.
Other hedge funds have also added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. bought a new position in shares of CrowdStrike during the fourth quarter valued at about $25,000. Blue Bell Private Wealth Management LLC raised its stake in shares of CrowdStrike by 173.1% during the second quarter. Blue Bell Private Wealth Management LLC now owns 213 shares of the company’s stock valued at $31,000 after acquiring an additional 135 shares during the last quarter. Coppell Advisory Solutions LLC bought a new position in shares of CrowdStrike during the second quarter valued at about $36,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of CrowdStrike during the third quarter valued at about $43,000. Finally, Northwest Capital Management Inc bought a new position in shares of CrowdStrike during the second quarter valued at about $46,000. 63.53% of the stock is owned by institutional investors.
Insider Activity at CrowdStrike
In related news, CFO Burt W. Podbere sold 30,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $250.04, for a total transaction of $7,501,200.00. Following the completion of the transaction, the chief financial officer now directly owns 306,881 shares of the company’s stock, valued at $76,732,525.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CrowdStrike news, CFO Burt W. Podbere sold 30,500 shares of CrowdStrike stock in a transaction on Monday, November 13th. The shares were sold at an average price of $200.00, for a total value of $6,100,000.00. Following the completion of the transaction, the chief financial officer now directly owns 336,881 shares of the company’s stock, valued at approximately $67,376,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Burt W. Podbere sold 30,000 shares of CrowdStrike stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $250.04, for a total transaction of $7,501,200.00. Following the completion of the transaction, the chief financial officer now directly owns 306,881 shares of the company’s stock, valued at $76,732,525.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,192 shares of company stock valued at $26,501,135. Corporate insiders own 5.68% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently commented on CRWD. Guggenheim reaffirmed a “buy” rating and set a $162.00 price objective on shares of CrowdStrike in a research note on Wednesday, August 23rd. Royal Bank of Canada boosted their price target on shares of CrowdStrike from $182.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. Truist Financial reiterated a “buy” rating and set a $230.00 price target on shares of CrowdStrike in a research report on Wednesday, November 29th. DZ Bank assumed coverage on shares of CrowdStrike in a research report on Wednesday, October 18th. They set a “buy” rating and a $215.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of CrowdStrike from $230.00 to $269.00 and gave the stock an “overweight” rating in a report on Monday, December 11th. Two analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.33.
Read Our Latest Research Report on CRWD
CrowdStrike Price Performance
Shares of NASDAQ CRWD opened at $253.95 on Thursday. The firm has a fifty day moving average price of $209.45 and a 200-day moving average price of $174.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.74. CrowdStrike Holdings, Inc. has a 1 year low of $92.25 and a 1 year high of $261.81.
CrowdStrike (NASDAQ:CRWD – Get Free Report) last announced its quarterly earnings data on Tuesday, November 28th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $786.01 million during the quarter, compared to analysts’ expectations of $777.30 million. CrowdStrike had a negative net margin of 0.42% and a positive return on equity of 1.11%. The company’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.20) earnings per share. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.47 earnings per share for the current year.
CrowdStrike Company Profile (Free Report)
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.
See Also
Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report).
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