Wealth Alliance Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Wealth Alliance purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,921 shares of the company’s stock, valued at approximately $490,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC purchased a new stake in CrowdStrike in the fourth quarter worth about $26,000. Bear Mountain Capital Inc. bought a new position in shares of CrowdStrike in the fourth quarter worth about $27,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of CrowdStrike in the fourth quarter worth about $36,000. Quent Capital LLC boosted its stake in shares of CrowdStrike by 48.5% in the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after acquiring an additional 48 shares during the period. Finally, Silver Oak Securities Incorporated bought a new position in shares of CrowdStrike in the third quarter worth about $27,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 18,747 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the completion of the transaction, the president now owns 382,958 shares in the company, valued at approximately $124,767,716.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction dated 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 transaction, the chief executive officer now owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 18,747 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $6,107,772.60. Following the completion of the transaction, the president now owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 223,544 shares of company stock worth $72,113,932. Insiders own 5.68% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $293.69 on Thursday. The stock has a 50-day moving average of $319.23 and a two-hundred day moving average of $262.69. CrowdStrike Holdings, Inc. has a one year low of $115.67 and a one year high of $365.00. 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 stock has a market cap of $71.03 billion, a P/E ratio of 815.83, a P/E/G ratio of 11.96 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent analyst reports. BTIG Research upped their price objective on CrowdStrike from $322.00 to $432.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Morgan Stanley increased their price target on CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. increased their price target on CrowdStrike from $350.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Canaccord Genuity Group increased their price target on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Susquehanna increased their price target on CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.29.

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.