Kovack Advisors Inc. Sells 389 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kovack Advisors Inc. lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,319 shares of the company’s stock after selling 389 shares during the quarter. Kovack Advisors Inc.’s holdings in CrowdStrike were worth $2,124,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cigna Investments Inc. New boosted its holdings in CrowdStrike by 1.7% during the 4th quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock valued at $592,000 after acquiring an additional 38 shares during the period. Quent Capital LLC lifted its holdings in shares of CrowdStrike by 48.5% in the 4th quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after buying an additional 48 shares during the period. Advisory Resource Group lifted its holdings in shares of CrowdStrike by 0.7% in the 3rd quarter. Advisory Resource Group now owns 6,670 shares of the company’s stock worth $1,116,000 after buying an additional 49 shares during the period. Blue Bell Private Wealth Management LLC lifted its holdings in shares of CrowdStrike by 23.9% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 254 shares of the company’s stock worth $65,000 after buying an additional 49 shares during the period. Finally, Modus Advisors LLC lifted its holdings in shares of CrowdStrike by 1.7% in the 4th quarter. Modus Advisors LLC now owns 2,950 shares of the company’s stock worth $753,000 after buying an additional 50 shares during the period. Institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,148,102 shares in the company, valued at $375,176,771.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now owns 208,961 shares in the company, valued at $64,525,067.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were 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 owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. 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 quarter. 5.68% of the stock is currently owned by insiders.

CrowdStrike Stock Performance

Shares of CRWD stock traded up $6.05 during mid-day trading on Friday, reaching $304.07. The stock had a trading volume of 2,004,893 shares, compared to its average volume of 3,528,025. The business’s fifty day moving average is $314.71 and its 200-day moving average is $268.13. 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 cap of $73.55 billion, a price-to-earnings ratio of 844.66, a PEG ratio of 11.90 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.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The firm had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. DA Davidson upped their target price on CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Evercore ISI upped their target price on CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. BMO Capital Markets upped their target price on CrowdStrike from $332.00 to $425.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Guggenheim upped their price objective on CrowdStrike from $358.00 to $424.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Piper Sandler upped their price objective on CrowdStrike from $300.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

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.