SRS Capital Advisors Inc. Lowers Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SRS Capital Advisors Inc. reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 57.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,167 shares of the company’s stock after selling 1,568 shares during the period. SRS Capital Advisors Inc.’s holdings in CrowdStrike were worth $298,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 1.0% in the third quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock valued at $2,463,451,000 after acquiring an additional 150,898 shares during the period. Jennison Associates LLC raised its holdings in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares during the last quarter. Morgan Stanley lifted its position in CrowdStrike by 124.4% during the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after acquiring an additional 2,757,251 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of CrowdStrike by 17.9% during the third quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after purchasing an additional 419,619 shares during the period. Finally, FMR LLC boosted its position in CrowdStrike by 8.6% in the third quarter. FMR LLC now owns 1,864,511 shares of the company’s stock valued at $312,082,000 after buying an additional 147,757 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 2.2 %

Shares of CrowdStrike stock traded up $6.67 on Friday, reaching $310.21. The company had a trading volume of 4,080,846 shares, compared to its average volume of 2,179,299. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market cap of $75.03 billion, a PE ratio of 861.72, a PEG ratio of 12.14 and a beta of 1.08. The firm’s 50 day moving average price is $313.50 and its two-hundred day moving average price is $271.26. CrowdStrike Holdings, Inc. has a 52-week low of $117.45 and a 52-week high of $365.00.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. The business had revenue of $845.34 million during 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 predict that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,019 shares of the company’s 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 owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Burt W. Podbere sold 26,097 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.61, for a total transaction of $8,497,444.17. Following the completion of the transaction, the chief financial officer now owns 347,792 shares in the company, valued at $113,244,553.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were 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 owns 36,136 shares in the company, valued at $11,773,108.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 223,544 shares of company stock valued at $72,113,932. 5.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of recent research reports. Sanford C. Bernstein assumed coverage on shares of CrowdStrike in a research report on Thursday, January 18th. They set an “outperform” rating and a $334.00 price target for the company. Rosenblatt Securities restated a “buy” rating and set a $400.00 target price on shares of CrowdStrike in a research report on Monday, April 8th. TD Cowen increased their price target on CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Oppenheimer boosted their price objective on CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, Morgan Stanley upped their target price on CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike 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.