Sigma Planning Corp Trims Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sigma Planning Corp reduced its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 14.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,920 shares of the company’s stock after selling 1,156 shares during the period. Sigma Planning Corp’s holdings in CrowdStrike were worth $1,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. bought a new position in shares of CrowdStrike in the fourth quarter worth approximately $25,000. CVA Family Office LLC bought a new position in shares of CrowdStrike in the fourth quarter worth approximately $26,000. Silver Oak Securities Incorporated bought a new position in shares of CrowdStrike in the third quarter worth approximately $27,000. Bear Mountain Capital Inc. bought a new position in shares of CrowdStrike in the fourth quarter worth approximately $27,000. Finally, Gradient Investments LLC boosted its position in shares of CrowdStrike by 1,818.2% in the third quarter. Gradient Investments LLC now owns 211 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, President Michael Sentonas sold 18,747 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $6,107,772.60. Following the completion of the sale, the president now owns 382,958 shares in the company, valued at approximately $124,767,716.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders sold 223,544 shares of company stock worth $72,113,932 in the last 90 days. 5.68% of the stock is owned by corporate insiders.

CrowdStrike Trading Down 3.9 %

Shares of CRWD opened at $282.64 on Monday. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. The company has a 50-day moving average of $317.72 and a 200 day moving average of $265.11. The firm has a market capitalization of $68.36 billion, a price-to-earnings ratio of 785.13, a PEG ratio of 11.30 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The company had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, April 8th. BMO Capital Markets raised their target price on shares of CrowdStrike from $332.00 to $425.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Morgan Stanley raised their target price on shares of CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Evercore ISI raised their target price on shares of CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Raymond James assumed coverage on shares of CrowdStrike in a research note on Tuesday, January 30th. They set an “outperform” rating and a $330.00 target price for the company. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

View Our Latest Report on CrowdStrike

About CrowdStrike

(Free Report)

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.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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