Focus Partners Wealth Has $50.34 Million Stake in CrowdStrike $CRWD

Focus Partners Wealth raised its stake in shares of CrowdStrike (NASDAQ:CRWD) by 142.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 102,847 shares of the company’s stock after purchasing an additional 60,447 shares during the quarter. Focus Partners Wealth’s holdings in CrowdStrike were worth $50,344,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in CrowdStrike by 1.9% during the third quarter. Vanguard Group Inc. now owns 23,876,498 shares of the company’s stock worth $11,708,557,000 after buying an additional 445,926 shares in the last quarter. State Street Corp raised its holdings in CrowdStrike by 3.6% in the 2nd quarter. State Street Corp now owns 10,804,651 shares of the company’s stock valued at $5,502,917,000 after acquiring an additional 370,965 shares in the last quarter. Laurel Wealth Advisors LLC lifted its position in shares of CrowdStrike by 54,635.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after acquiring an additional 4,285,640 shares during the period. Norges Bank bought a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $1,638,365,000. Finally, Invesco Ltd. grew its holdings in shares of CrowdStrike by 10.8% during the 2nd quarter. Invesco Ltd. now owns 2,775,980 shares of the company’s stock worth $1,413,834,000 after purchasing an additional 269,562 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 28,853 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $413.01, for a total value of $11,916,577.53. Following the transaction, the chief executive officer directly owned 2,054,902 shares in the company, valued at $848,695,075.02. The trade was a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 10,516 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the sale, the chief financial officer directly owned 179,114 shares in the company, valued at $86,571,169.62. This represents a 5.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 90,024 shares of company stock worth $40,424,241 over the last ninety days. Corporate insiders own 3.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Jefferies Financial Group lowered their price objective on CrowdStrike from $600.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. BMO Capital Markets decreased their price target on shares of CrowdStrike from $555.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. DA Davidson boosted their price target on shares of CrowdStrike from $425.00 to $455.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Oppenheimer dropped their price objective on shares of CrowdStrike from $580.00 to $500.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Finally, 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. One equities research 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $506.26.

CrowdStrike Stock Performance

CrowdStrike stock opened at $423.84 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a fifty day moving average price of $427.97 and a two-hundred day moving average price of $469.88. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The firm has a market capitalization of $107.49 billion, a P/E ratio of -572.75, a P/E/G ratio of 19.38 and a beta of 1.07.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the business earned $1.03 earnings per share. The business’s revenue was up 23.8% on a year-over-year basis. As a group, analysts anticipate 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.