Global Wealth Management Investment Advisory Inc. Sells 240 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Global Wealth Management Investment Advisory Inc. trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 37.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 395 shares of the company’s stock after selling 240 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in CrowdStrike were worth $101,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Cigna Investments Inc. New boosted its holdings in CrowdStrike by 1.7% in the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock worth $592,000 after acquiring an additional 38 shares in the last quarter. Quent Capital LLC boosted its holdings in 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 in the last quarter. Advisory Resource Group boosted its holdings in CrowdStrike by 0.7% in the third quarter. Advisory Resource Group now owns 6,670 shares of the company’s stock worth $1,116,000 after acquiring an additional 49 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in CrowdStrike by 23.9% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 254 shares of the company’s stock worth $65,000 after acquiring an additional 49 shares in the last quarter. Finally, Modus Advisors LLC boosted its holdings in CrowdStrike by 1.7% in the fourth quarter. Modus Advisors LLC now owns 2,950 shares of the company’s stock worth $753,000 after acquiring an additional 50 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 78,080 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the transaction, 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 sold 223,544 shares of company stock valued at $72,113,932. Insiders own 5.68% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $295.44 on Thursday. The firm has a market cap of $71.46 billion, a price-to-earnings ratio of 820.69, a price-to-earnings-growth ratio of 11.70 and a beta of 1.08. 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 business has a 50-day moving average price of $313.64 and a 200-day moving average price of $271.03. CrowdStrike Holdings, Inc. has a twelve month low of $115.67 and a twelve month high of $365.00.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The firm had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on CRWD. Evercore ISI boosted their target price on CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Morgan Stanley boosted their price target on CrowdStrike from $304.00 to $372.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. KeyCorp decreased their price target on CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Jefferies Financial Group boosted their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Piper Sandler boosted their price target on CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.