High Note Wealth LLC Buys 1,480 Shares of CrowdStrike $CRWD

High Note Wealth LLC boosted its position in CrowdStrike (NASDAQ:CRWD) by 29.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,577 shares of the company’s stock after purchasing an additional 1,480 shares during the period. High Note Wealth LLC’s holdings in CrowdStrike were worth $3,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Planning Inc purchased a new position in CrowdStrike during the 3rd quarter valued at about $25,000. Pilgrim Partners Asia Pte Ltd purchased a new position in CrowdStrike in the 3rd quarter worth $25,000. AlphaQuest LLC purchased a new position in CrowdStrike during the 2nd quarter worth approximately $26,000. Howard Hughes Medical Institute acquired a new stake in CrowdStrike during the 2nd quarter worth about $27,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of CrowdStrike during the 3rd quarter worth approximately $27,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.7%

CRWD opened at $441.40 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90. The business has a 50 day simple moving average of $480.04 and a 200-day simple moving average of $477.29. The stock has a market capitalization of $111.28 billion, a P/E ratio of -350.32, a P/E/G ratio of 108.84 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. On average, equities analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other news, CFO Burt W. Podbere sold 10,516 shares of CrowdStrike stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $483.33, for a total value of $5,082,698.28. Following the completion of the sale, the chief financial officer owned 179,114 shares of the company’s stock, valued at $86,571,169.62. The trade was a 5.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Sentonas sold 11,461 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the completion of the sale, the president directly owned 342,655 shares in the company, valued at $164,399,015.90. This represents a 3.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 69,048 shares of company stock valued at $34,509,857 in the last ninety days. 3.32% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CRWD shares. Argus lifted their price target on shares of CrowdStrike from $540.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Daiwa Capital Markets increased their price target on CrowdStrike from $530.00 to $560.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Canaccord Genuity Group raised their target price on CrowdStrike from $500.00 to $515.00 and gave the company a “hold” rating in a report on Wednesday, December 3rd. Citizens Jmp reaffirmed a “market outperform” rating and issued a $500.00 price target on shares of CrowdStrike in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $621.00 target price on shares of CrowdStrike in a research report on Wednesday, December 3rd. Thirty-one investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $555.21.

About CrowdStrike

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.