CIBC Private Wealth Group LLC Sells 55,733 Shares of CrowdStrike $CRWD

CIBC Private Wealth Group LLC decreased its holdings in shares of CrowdStrike (NASDAQ:CRWDFree Report) by 84.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,360 shares of the company’s stock after selling 55,733 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in CrowdStrike were worth $5,080,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CRWD. Brighton Jones LLC boosted its position in CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock worth $2,670,000 after buying an additional 2,417 shares during the period. Empowered Funds LLC lifted its holdings in CrowdStrike by 3.6% during the 1st quarter. Empowered Funds LLC now owns 4,812 shares of the company’s stock worth $1,697,000 after buying an additional 169 shares during the period. Wealthspire Advisors LLC lifted its holdings in CrowdStrike by 3.2% during the 2nd quarter. Wealthspire Advisors LLC now owns 2,409 shares of the company’s stock worth $1,227,000 after buying an additional 75 shares during the period. Empirical Finance LLC grew its position in shares of CrowdStrike by 7.6% in the 2nd quarter. Empirical Finance LLC now owns 1,029 shares of the company’s stock valued at $524,000 after buying an additional 73 shares during the last quarter. Finally, PKS Advisory Services LLC acquired a new stake in shares of CrowdStrike in the second quarter valued at about $255,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRWD. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CrowdStrike in a research note on Monday, December 29th. Citigroup lowered their price objective on shares of CrowdStrike from $610.00 to $525.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Truist Financial dropped their price target on CrowdStrike from $600.00 to $550.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. TD Cowen reduced their price objective on shares of CrowdStrike from $580.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $555.00 target price on shares of CrowdStrike in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $506.26.

Get Our Latest Analysis on CRWD

CrowdStrike Stock Down 4.5%

CRWD opened at $409.00 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90. The business’s 50-day moving average price is $424.66 and its 200-day moving average price is $469.31. The company has a market cap of $103.73 billion, a P/E ratio of -552.70, a P/E/G ratio of 18.78 and a beta of 1.06.

CrowdStrike (NASDAQ:CRWDGet Free Report) last posted its earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. CrowdStrike had a negative return on equity of 0.14% and a negative net margin of 3.81%.The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the firm earned $1.03 earnings per share. CrowdStrike’s quarterly revenue was up 23.8% on a year-over-year basis. On average, equities analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 28,853 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total value of $11,916,577.53. Following the completion of the transaction, the chief executive officer directly owned 2,054,902 shares in the company, valued at $848,695,075.02. This represents a 1.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Johanna Flower sold 3,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $461.94, for a total value of $1,385,820.00. Following the completion of the sale, the director directly owned 76,082 shares in the company, valued at approximately $35,145,319.08. The trade was a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 90,024 shares of company stock valued at $40,424,241. Company insiders own 3.32% of the company’s stock.

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CrowdStrike Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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