Daiwa Securities Group Inc. Trims Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Daiwa Securities Group Inc. lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,340 shares of the company’s stock after selling 6,017 shares during the period. Daiwa Securities Group Inc.’s holdings in CrowdStrike were worth $8,513,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Coppell Advisory Solutions Corp. purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $25,000. CVA Family Office LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $26,000. Silver Oak Securities Incorporated purchased a new position in shares of CrowdStrike during the third quarter valued at approximately $27,000. Bear Mountain Capital Inc. purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $27,000. Finally, Gradient Investments LLC lifted its stake in shares of CrowdStrike by 1,818.2% during the third quarter. Gradient Investments LLC now owns 211 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CRWD shares. Canaccord Genuity Group increased their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Truist Financial increased their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Oppenheimer increased their price objective on shares of CrowdStrike from $300.00 to $355.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. DA Davidson increased their price objective on shares of CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Citigroup increased their price objective on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $371.87.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total value of $592,094.72. Following the completion of the sale, the chief accounting officer now directly owns 34,350 shares of the company’s stock, valued at $11,387,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction on 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 directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,786 shares of CrowdStrike stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total value of $592,094.72. Following the completion of the transaction, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at $11,387,712. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock worth $72,113,932 over the last 90 days. 5.68% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Up 0.1 %

CRWD stock opened at $294.10 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $71.13 billion, a PE ratio of 816.97, a PEG ratio of 11.75 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. The business’s 50 day simple moving average is $318.65 and its 200 day simple moving average is $262.91.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share 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 company had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

About CrowdStrike

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.