Sheets Smith Wealth Management Purchases Shares of 3,349 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)


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Sheets Smith Wealth Management acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,349 shares of the company’s stock, valued at approximately $709,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Weaver Consulting Group lifted its stake in shares of CrowdStrike by 80.0% during the third quarter. Weaver Consulting Group now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of CrowdStrike by 92.0% during the third quarter. First Horizon Advisors Inc. now owns 192 shares of the company’s stock worth $26,000 after purchasing an additional 92 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of CrowdStrike by 67.4% during the fourth quarter. Sound Income Strategies LLC now owns 231 shares of the company’s stock worth $49,000 after purchasing an additional 93 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of CrowdStrike by 46.6% during the third quarter. Parkside Financial Bank & Trust now owns 305 shares of the company’s stock worth $42,000 after purchasing an additional 97 shares in the last quarter. Finally, PrairieView Partners LLC lifted its stake in shares of CrowdStrike by 40.0% during the third quarter. PrairieView Partners LLC now owns 350 shares of the company’s stock worth $48,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 60.00% of the company’s stock.

Shares of CRWD stock opened at $226.42 on Thursday. CrowdStrike Holdings, Inc. has a 12-month low of $31.95 and a 12-month high of $238.54. The firm has a market capitalization of $50.10 billion, a price-to-earnings ratio of -471.70 and a beta of 1.32. The business has a 50 day simple moving average of $192.72 and a 200 day simple moving average of $141.08.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, December 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.23. CrowdStrike had a negative return on equity of 12.79% and a negative net margin of 13.40%. The business had revenue of $232.50 million during the quarter, compared to analyst estimates of $214.36 million. During the same period in the prior year, the company posted ($0.07) EPS. The business’s revenue for the quarter was up 85.9% compared to the same quarter last year. On average, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Several research analysts recently commented on the company. Piper Sandler boosted their price target on CrowdStrike from $180.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 5th. Royal Bank of Canada boosted their price target on CrowdStrike from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, November 30th. BidaskClub upgraded CrowdStrike from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 23rd. Mizuho boosted their price target on CrowdStrike from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, December 16th. Finally, Jefferies Financial Group upgraded CrowdStrike from a “hold” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $275.00 in a research note on Monday. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $182.96.

In other CrowdStrike news, Director Gerhard Watzinger sold 20,000 shares of the stock in a transaction on Friday, January 8th. The stock was sold at an average price of $225.00, for a total transaction of $4,500,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Abhishek Maheshwari sold 3,126 shares of the stock in a transaction on Monday, December 21st. The shares were sold at an average price of $202.01, for a total value of $631,483.26. The disclosure for this sale can be found here. Insiders sold a total of 1,123,119 shares of company stock valued at $202,534,978 over the last three months. Corporate insiders own 11.32% of the company’s stock.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cloud-delivered solutions for next-generation endpoint protection in the United States, Australia, Germany, India, Romania, and the United Kingdom. It offers 11 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as endpoint security, security and IT operations, and threat intelligence to deliver comprehensive breach protection even against today's most sophisticated attacks.

Read More: What is diluted earnings per share (Diluted EPS)?

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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