Laurel Wealth Advisors LLC Sells 4,284,224 Shares of CrowdStrike $CRWD

Laurel Wealth Advisors LLC lessened its stake in shares of CrowdStrike (NASDAQ:CRWDFree Report) by 99.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,260 shares of the company’s stock after selling 4,284,224 shares during the period. Laurel Wealth Advisors LLC’s holdings in CrowdStrike were worth $4,541,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CRWD. Advyzon Investment Management LLC raised its stake in shares of CrowdStrike by 142.9% in the second quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock worth $461,000 after purchasing an additional 533 shares during the last quarter. Carnegie Investment Counsel increased its holdings in CrowdStrike by 6.7% in the 3rd quarter. Carnegie Investment Counsel now owns 22,601 shares of the company’s stock worth $11,083,000 after buying an additional 1,428 shares during the period. Silver Oak Securities Incorporated increased its holdings in CrowdStrike by 394.8% in the 3rd quarter. Silver Oak Securities Incorporated now owns 2,954 shares of the company’s stock worth $1,449,000 after buying an additional 2,357 shares during the period. Traynor Capital Management Inc. raised its position in CrowdStrike by 10.9% during the 3rd quarter. Traynor Capital Management Inc. now owns 53,117 shares of the company’s stock worth $26,047,000 after buying an additional 5,205 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its stake in CrowdStrike by 7.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 22,253 shares of the company’s stock valued at $10,912,000 after acquiring an additional 1,512 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

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CrowdStrike Stock Performance

NASDAQ CRWD opened at $371.98 on Monday. The stock has a market capitalization of $93.78 billion, a price-to-earnings ratio of -295.22, a PEG ratio of 20.93 and a beta of 1.07. CrowdStrike has a twelve month low of $298.00 and a twelve month high of $566.90. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $438.69 and a 200 day moving average of $469.83.

CrowdStrike (NASDAQ:CRWDGet Free Report) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The business’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. Sell-side analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CRWD. JPMorgan Chase & Co. cut their price objective on shares of CrowdStrike from $582.00 to $472.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. Cantor Fitzgerald cut their price target on CrowdStrike from $590.00 to $520.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. Truist Financial decreased their price objective on CrowdStrike from $600.00 to $550.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. TD Cowen lowered their target price on CrowdStrike from $580.00 to $480.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Finally, Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research report on Monday, November 24th. Thirty-one investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $528.74.

Check Out Our Latest Analysis on CrowdStrike

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 11,461 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the completion of the sale, the president directly owned 342,655 shares in the company, valued at approximately $164,399,015.90. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Johanna Flower sold 3,000 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total value of $1,385,820.00. Following the completion of the transaction, the director directly owned 76,082 shares of the company’s stock, valued at approximately $35,145,319.08. This represents a 3.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 100,247 shares of company stock valued at $45,722,274. Corporate insiders own 3.32% of the company’s stock.

About CrowdStrike

(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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