CrowdStrike $CRWD Shares Sold by Meridian Wealth Management LLC

Meridian Wealth Management LLC reduced its stake in CrowdStrike (NASDAQ:CRWD) by 14.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,632 shares of the company’s stock after selling 2,381 shares during the quarter. Meridian Wealth Management LLC’s holdings in CrowdStrike were worth $6,685,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on CRWD. Loop Capital set a $550.00 target price on CrowdStrike in a research note on Thursday, December 11th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $353.00 price objective on shares of CrowdStrike in a research note on Wednesday, December 3rd. Evercore ISI increased their price objective on shares of CrowdStrike from $430.00 to $460.00 and gave the stock an “in-line” rating in a report on Wednesday, December 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of CrowdStrike in a research report on Monday, December 29th. Finally, HSBC upped their price target on shares of CrowdStrike from $417.00 to $446.00 and gave the stock a “hold” rating in a research report on Thursday, December 4th. Thirty-one equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $555.21.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 17,550 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $481.38, for a total value of $8,448,219.00. Following the completion of the transaction, the chief executive officer owned 2,090,532 shares in the company, valued at $1,006,340,294.16. This represents a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Johanna Flower sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the completion of the sale, the director directly owned 76,082 shares of the company’s stock, valued at $35,145,319.08. This trade represents a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 69,048 shares of company stock valued at $34,509,857. 3.32% of the stock is owned by insiders.

CrowdStrike Price Performance

CrowdStrike stock opened at $441.40 on Friday. The firm has a fifty day moving average of $480.04 and a 200-day moving average of $477.32. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $111.28 billion, a P/E ratio of -350.32, a PEG ratio of 108.84 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The business’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, analysts predict that CrowdStrike will post 0.55 EPS for the current year.

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.