Consolidated Planning Corp Trims Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Consolidated Planning Corp reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,247 shares of the company’s stock after selling 315 shares during the quarter. Consolidated Planning Corp’s holdings in CrowdStrike were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cigna Investments Inc. New boosted its position in shares of CrowdStrike by 1.7% during the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock valued at $592,000 after acquiring an additional 38 shares during the last quarter. Quent Capital LLC lifted its position in CrowdStrike by 48.5% in the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after buying an additional 48 shares during the last quarter. Advisory Resource Group lifted its position in shares of CrowdStrike by 0.7% during the third quarter. Advisory Resource Group now owns 6,670 shares of the company’s stock worth $1,116,000 after purchasing an additional 49 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of CrowdStrike by 23.9% during the fourth 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 during the last quarter. Finally, Modus Advisors LLC increased its stake in shares of CrowdStrike by 1.7% during the fourth quarter. Modus Advisors LLC now owns 2,950 shares of the company’s stock valued at $753,000 after buying an additional 50 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 2.0 %

NASDAQ:CRWD traded up $6.05 during trading hours on Friday, hitting $304.07. The company had a trading volume of 2,007,839 shares, compared to its average volume of 2,018,688. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $314.71 and a 200 day moving average of $268.72. The company has a market cap of $73.55 billion, a P/E ratio of 844.66, a P/E/G ratio of 12.16 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 1 year low of $115.67 and a 1 year high of $365.00.

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

Insider Activity

In related news, CAO Anurag Saha sold 1,019 shares of the 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 transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the company’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 owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $326.78, for a total value of $25,514,982.40. Following the sale, the chief executive officer now owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. Insiders have sold a total of 223,544 shares of company stock valued at $72,113,932 in the last quarter. Insiders own 5.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CRWD. Oppenheimer lifted their target price on CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. BTIG Research raised their price target on CrowdStrike from $322.00 to $432.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Wedbush raised their price target on CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. TD Cowen raised their price target on CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, DA Davidson lifted their target price on CrowdStrike from $285.00 to $425.00 and gave the stock 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 given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $371.87.

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.