Alterity Financial Group LLC Trims Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Alterity Financial Group LLC trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,914 shares of the company’s stock after selling 152 shares during the period. Alterity Financial Group LLC’s holdings in CrowdStrike were worth $489,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CRWD. Fairfield Bush & CO. bought a new position in shares of CrowdStrike in the 1st quarter worth approximately $654,000. MetLife Investment Management LLC bought a new position in CrowdStrike in the first quarter worth $2,930,000. Yousif Capital Management LLC lifted its position in CrowdStrike by 4.3% during the first quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock valued at $666,000 after buying an additional 120 shares during the period. Raymond James Trust N.A. grew its position in shares of CrowdStrike by 37.3% in the 1st quarter. Raymond James Trust N.A. now owns 2,830 shares of the company’s stock worth $643,000 after buying an additional 769 shares during the period. Finally, Synovus Financial Corp boosted its stake in CrowdStrike by 14.4% during the first quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock worth $658,000 after acquiring an additional 369 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $240.13, for a total value of $3,601,950.00. Following the sale, the director now owns 846,799 shares in the company, valued at approximately $203,341,843.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Anurag Saha sold 1,019 shares of the firm’s 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 sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $240.13, for a total value of $3,601,950.00. Following the transaction, the director now directly owns 846,799 shares of the company’s stock, valued at $203,341,843.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 237,667 shares of company stock worth $72,822,280. 5.68% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

CRWD stock opened at $320.59 on Friday. The firm has a market cap of $77.54 billion, a price-to-earnings ratio of 890.55, a PEG ratio of 13.08 and a beta of 1.06. CrowdStrike Holdings, Inc. has a one year low of $115.67 and a one year high of $365.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a 50-day simple moving average of $315.08 and a two-hundred day simple moving average of $247.33.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (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 the consensus estimate of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. On average, equities analysts forecast that CrowdStrike Holdings, Inc. will post 1.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CRWD shares. Jefferies Financial Group increased their price objective on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. UBS Group boosted their price target on CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Citigroup boosted their target price on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Barclays raised their price target on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of CrowdStrike from $222.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $373.29.

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.