Cibc World Market Inc. Sells 38,235 Shares of CrowdStrike $CRWD

Cibc World Market Inc. lowered its position in shares of CrowdStrike (NASDAQ:CRWDFree Report) by 22.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,538 shares of the company’s stock after selling 38,235 shares during the period. Cibc World Market Inc.’s holdings in CrowdStrike were worth $64,504,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, Director Johanna Flower sold 3,000 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $461.94, for a total value of $1,385,820.00. Following the transaction, the director directly owned 76,082 shares of the company’s stock, valued at $35,145,319.08. This represents a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 10,516 shares of CrowdStrike stock in a transaction dated 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 sale, the chief financial officer directly owned 179,114 shares of the company’s stock, valued at approximately $86,571,169.62. This represents a 5.55% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 100,247 shares of company stock valued at $45,722,274. Corporate insiders own 3.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CRWD shares. Susquehanna increased their target price on CrowdStrike from $530.00 to $600.00 and gave the company a “positive” rating in a research report on Wednesday, December 3rd. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research report on Monday, November 24th. DA Davidson reiterated a “buy” rating and issued a $580.00 target price on shares of CrowdStrike in a research note on Wednesday, December 3rd. Daiwa Securities Group increased their price target on shares of CrowdStrike from $530.00 to $560.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $630.00 price target on shares of CrowdStrike in a report on Wednesday, December 3rd. Thirty-one investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $555.21.

View Our Latest Analysis on CRWD

CrowdStrike Price Performance

Shares of CRWD stock opened at $413.39 on Wednesday. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $104.22 billion, a price-to-earnings ratio of -328.09, a PEG ratio of 23.35 and a beta of 1.03. The stock’s 50-day simple moving average is $466.39 and its 200-day simple moving average is $474.41.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.94 by $0.02. The firm had revenue of $1.23 billion during 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%. CrowdStrike’s revenue was up 21.8% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. As a group, equities analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

CrowdStrike News Summary

Here are the key news stories impacting CrowdStrike this week:

CrowdStrike Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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