RWA Wealth Partners LLC Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

RWA Wealth Partners LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 907 shares of the company’s stock, valued at approximately $232,000.

A number of other institutional investors have also recently modified their holdings of CRWD. DAVENPORT & Co LLC lifted its position in shares of CrowdStrike by 42.6% during the 3rd quarter. DAVENPORT & Co LLC now owns 2,813 shares of the company’s stock worth $471,000 after buying an additional 841 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of CrowdStrike by 70.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 9,552 shares of the company’s stock worth $1,599,000 after buying an additional 3,960 shares during the last quarter. Private Trust Co. NA lifted its position in shares of CrowdStrike by 106.7% during the 3rd quarter. Private Trust Co. NA now owns 1,980 shares of the company’s stock worth $331,000 after buying an additional 1,022 shares during the last quarter. Caprock Group LLC lifted its position in shares of CrowdStrike by 3.4% during the 3rd quarter. Caprock Group LLC now owns 2,402 shares of the company’s stock worth $402,000 after buying an additional 80 shares during the last quarter. Finally, Zullo Investment Group Inc. lifted its position in shares of CrowdStrike by 4.2% during the 3rd quarter. Zullo Investment Group Inc. now owns 3,993 shares of the company’s stock worth $668,000 after buying an additional 160 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Up 2.0 %

CRWD stock opened at $304.07 on Friday. CrowdStrike Holdings, Inc. has a twelve month low of $115.67 and a twelve month high of $365.00. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $314.71 and its 200-day moving average is $268.13. The firm has a market capitalization of $73.55 billion, a PE ratio of 844.66, a P/E/G ratio of 11.90 and a beta of 1.05.

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

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction on 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 directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CRWD has been the subject of several research reports. Barclays increased their target price on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Mizuho increased their target price on CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. TD Cowen increased their target price on CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Wells Fargo & Company increased their target price on CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Finally, Evercore ISI increased their target price on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Company 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.