Golden State Equity Partners Makes New $294,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Golden State Equity Partners bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,152 shares of the company’s stock, valued at approximately $294,000.

A number of other large investors have also recently added to or reduced their stakes in CRWD. CVA Family Office LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $26,000. Silver Oak Securities Incorporated acquired a new position in shares of CrowdStrike during the third quarter worth approximately $27,000. Bear Mountain Capital Inc. acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $27,000. Gradient Investments LLC lifted its holdings in shares of CrowdStrike by 1,818.2% during the third quarter. Gradient Investments LLC now owns 211 shares of the company’s stock worth $35,000 after buying an additional 200 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $36,000. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CRWD. JPMorgan Chase & Co. upped their price target on CrowdStrike from $350.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Guggenheim upped their target price on CrowdStrike from $358.00 to $424.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Mizuho upped their target price on CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, January 17th. Finally, Oppenheimer upped their target price on CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Price Performance

CrowdStrike stock opened at $304.07 on Friday. The business’s 50-day simple moving average is $314.71 and its 200 day simple moving average is $268.72. The stock has a market cap of $73.55 billion, a price-to-earnings ratio of 844.66, a P/E/G ratio of 12.16 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 12-month low of $115.67 and a 12-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.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The business had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total value of $592,094.72. Following the transaction, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at $11,387,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Anurag Saha sold 1,786 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the sale, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at $11,387,712. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 78,080 shares of the firm’s 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 sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. 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 company insiders.

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.