CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Holdings Lowered by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,515 shares of the company’s stock after selling 606 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in CrowdStrike were worth $897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Cigna Investments Inc. New raised its holdings in shares of CrowdStrike by 1.7% in the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after purchasing an additional 38 shares in the last quarter. Quent Capital LLC raised its holdings in shares of CrowdStrike by 48.5% in the 4th quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after purchasing an additional 48 shares in the last quarter. Advisory Resource Group raised its holdings in shares of CrowdStrike by 0.7% in the 3rd quarter. Advisory Resource Group now owns 6,670 shares of the company’s stock worth $1,116,000 after purchasing an additional 49 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of CrowdStrike by 23.9% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 254 shares of the company’s stock worth $65,000 after purchasing an additional 49 shares in the last quarter. Finally, Modus Advisors LLC raised its holdings in shares of CrowdStrike by 1.7% in the 4th quarter. Modus Advisors LLC now owns 2,950 shares of the company’s stock worth $753,000 after purchasing an additional 50 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The shares were 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 directly owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The shares were 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 directly owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The shares were 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 in the company, valued at $11,773,108.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,544 shares of company stock worth $72,113,932. Corporate insiders own 5.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company boosted their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. TD Cowen boosted their price target on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Piper Sandler boosted their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. The Goldman Sachs Group boosted their price target on shares of CrowdStrike from $222.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $400.00 price target on shares of CrowdStrike in a report on Monday, April 8th. One research 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, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Stock Performance

NASDAQ CRWD traded up $0.08 during midday trading on Thursday, hitting $293.77. The company had a trading volume of 1,509,614 shares, compared to its average volume of 3,617,224. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock has a market cap of $71.05 billion, a price-to-earnings ratio of 817.66, a P/E/G ratio of 11.96 and a beta of 1.05. The firm has a fifty day simple moving average of $319.23 and a two-hundred day simple moving average of $262.69. CrowdStrike Holdings, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $365.00.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. The company had revenue of $845.34 million for 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%. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

CrowdStrike Company 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.