Symphony Financial Ltd. Co. Sells 10,836 Shares of CrowdStrike $CRWD

Symphony Financial Ltd. Co. decreased its position in shares of CrowdStrike (NASDAQ:CRWD) by 90.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,159 shares of the company’s stock after selling 10,836 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in CrowdStrike were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CRWD. Asset Planning Inc purchased a new position in shares of CrowdStrike in the third quarter worth $25,000. AlphaQuest LLC purchased a new position in CrowdStrike in the 2nd quarter worth about $26,000. Howard Hughes Medical Institute bought a new position in CrowdStrike during the 2nd quarter valued at about $27,000. Pinnacle Bancorp Inc. purchased a new stake in shares of CrowdStrike during the 3rd quarter valued at about $27,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of CrowdStrike during the 2nd quarter valued at about $33,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 0.3%

CRWD stock opened at $452.49 on Friday. The business’s 50-day moving average price is $485.15 and its 200-day moving average price is $478.22. The stock has a market cap of $114.07 billion, a P/E ratio of -359.12, a PEG ratio of 109.85 and a beta of 1.03. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. CrowdStrike has a twelve month low of $298.00 and a twelve month high of $566.90.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations 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 was up 21.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 EPS. On average, equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 11,461 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $479.78, for a total value of $5,498,758.58. Following the completion of the transaction, the president owned 342,655 shares of the company’s stock, valued at approximately $164,399,015.90. This represents a 3.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 5,000 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $550.20, for a total value of $2,751,000.00. Following the completion of the sale, the director owned 765,456 shares of the company’s stock, valued at $421,153,891.20. The trade was a 0.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,048 shares of company stock worth $34,509,857 in the last 90 days. Company insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on CRWD shares. Truist Financial boosted their price objective on shares of CrowdStrike from $550.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. KeyCorp reiterated a “sector weight” rating on shares of CrowdStrike in a research note on Monday, January 12th. JPMorgan Chase & Co. raised their price target on CrowdStrike from $500.00 to $580.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. Stifel Nicolaus lifted their price objective on CrowdStrike from $515.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Finally, Piper Sandler raised their target price on CrowdStrike from $450.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Thirty-one investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $555.21.

CrowdStrike Company Profile

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.