CFM Wealth Partners LLC Raises Stock Holdings in CrowdStrike $CRWD

CFM Wealth Partners LLC boosted its position in shares of CrowdStrike (NASDAQ:CRWD) by 18.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,625 shares of the company’s stock after buying an additional 2,105 shares during the quarter. CrowdStrike makes up about 1.0% of CFM Wealth Partners LLC’s holdings, making the stock its 27th biggest holding. CFM Wealth Partners LLC’s holdings in CrowdStrike were worth $6,681,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CRWD. Asset Planning Inc purchased a new stake in shares of CrowdStrike during the third quarter worth about $25,000. Pilgrim Partners Asia Pte Ltd purchased a new position in CrowdStrike during the 3rd quarter valued at about $25,000. AlphaQuest LLC bought a new position in CrowdStrike during the 2nd quarter valued at approximately $26,000. Howard Hughes Medical Institute purchased a new stake in CrowdStrike in the 2nd quarter worth approximately $27,000. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $27,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 24th. Wells Fargo & Company upped their price objective on shares of CrowdStrike from $550.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. raised their target price on shares of CrowdStrike from $500.00 to $580.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Robert W. Baird boosted their price target on shares of CrowdStrike from $490.00 to $550.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $621.00 price objective on shares of CrowdStrike in a report on Wednesday, December 3rd. Thirty-one analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $555.21.

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 10,516 shares of CrowdStrike stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $483.33, for a total value of $5,082,698.28. Following the completion of the transaction, the chief financial officer owned 179,114 shares of the company’s stock, valued at $86,571,169.62. The trade was a 5.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Denis Oleary sold 7,750 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $515.44, for a total transaction of $3,994,660.00. Following the completion of the transaction, the director owned 10,816 shares in the company, valued at approximately $5,574,999.04. The trade was a 41.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,048 shares of company stock valued at $34,509,857 in the last ninety days. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Trading Up 3.5%

NASDAQ:CRWD opened at $468.33 on Tuesday. The firm has a market capitalization of $118.07 billion, a P/E ratio of -371.69, a PEG ratio of 109.85 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. CrowdStrike has a one year low of $298.00 and a one year high of $566.90. The company’s 50-day simple moving average is $483.92 and its 200 day simple moving average is $477.83.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.