CSM Advisors LLC Purchases New Position in CrowdStrike $CRWD

CSM Advisors LLC purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,660 shares of the company’s stock, valued at approximately $1,307,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Capital Impact Advisors LLC raised its holdings in shares of CrowdStrike by 15.9% during the third quarter. Capital Impact Advisors LLC now owns 29,656 shares of the company’s stock valued at $14,543,000 after acquiring an additional 4,066 shares in the last quarter. Carter Financial Group INC. bought a new stake in CrowdStrike in the third quarter valued at $222,000. Chevy Chase Trust Holdings LLC increased its position in CrowdStrike by 12.5% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 279,561 shares of the company’s stock valued at $137,091,000 after purchasing an additional 31,015 shares during the period. Circle Wealth Management LLC raised its holdings in CrowdStrike by 1.2% in the 3rd quarter. Circle Wealth Management LLC now owns 15,901 shares of the company’s stock worth $7,798,000 after purchasing an additional 195 shares in the last quarter. Finally, Ausdal Financial Partners Inc. raised its holdings in CrowdStrike by 55.0% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 6,626 shares of the company’s stock worth $3,249,000 after purchasing an additional 2,351 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of a number of research reports. Susquehanna lifted their target price on shares of CrowdStrike from $530.00 to $600.00 and gave the company a “positive” rating in a research note on Wednesday, December 3rd. Morgan Stanley upgraded shares of CrowdStrike from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $487.00 to $510.00 in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CrowdStrike in a research report on Monday, December 29th. BMO Capital Markets reduced their target price on CrowdStrike from $555.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on CrowdStrike from $475.00 to $440.00 and set a “hold” rating for the company in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $506.26.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $423.84 on Tuesday. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The firm’s 50-day moving average is $427.97 and its 200 day moving average is $469.88. The stock has a market cap of $107.49 billion, a price-to-earnings ratio of -572.75, a PEG ratio of 19.38 and a beta of 1.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.77 and a quick ratio of 1.77.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. CrowdStrike had a negative net margin of 3.81% and a negative return on equity of 0.14%. CrowdStrike’s revenue was up 23.8% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. Sell-side analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 836 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $476.83, for a total value of $398,629.88. Following the completion of the transaction, the chief accounting officer directly owned 43,726 shares in the company, valued at $20,849,868.58. The trade was a 1.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the president owned 342,655 shares of the company’s stock, valued at approximately $164,399,015.90. The trade was a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 90,024 shares of company stock valued at $40,424,241 over the last ninety days. Corporate insiders own 3.32% of the company’s stock.

About CrowdStrike

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.