17,338 Shares in CrowdStrike $CRWD Acquired by Robinhood Asset Management LLC

by · The Cerbat Gem

Robinhood Asset Management LLC bought a new position in shares of CrowdStrike (NASDAQ:CRWDFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,338 shares of the company’s stock, valued at approximately $8,128,000.

Several other large investors also recently modified their holdings of CRWD. Asset Planning Inc acquired a new position in shares of CrowdStrike in the third quarter worth about $25,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in CrowdStrike during the 3rd quarter valued at approximately $25,000. Anchor Investment Management LLC purchased a new stake in CrowdStrike during the 3rd quarter worth approximately $25,000. Hanson & Doremus Investment Management increased its holdings in CrowdStrike by 170.0% during the 4th quarter. Hanson & Doremus Investment Management now owns 54 shares of the company’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. Finally, Miller Global Investments LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at approximately $26,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 19,367 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $411.06, for a total value of $7,960,999.02. Following the sale, the president directly owned 406,944 shares in the company, valued at approximately $167,278,400.64. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Johanna Flower sold 3,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the transaction, the director owned 76,082 shares of the company’s stock, valued at $35,145,319.08. This represents a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 68,636 shares of company stock valued at $28,690,657 over the last three months. 3.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of recent analyst reports. Daiwa Securities Group decreased their price target on shares of CrowdStrike from $560.00 to $500.00 and set an “outperform” rating for the company in a research report on Tuesday, March 10th. The Goldman Sachs Group cut their price target on shares of CrowdStrike from $564.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Rosenblatt Securities reissued a “buy” rating and issued a $555.00 target price on shares of CrowdStrike in a research report on Wednesday, March 4th. Wolfe Research upgraded CrowdStrike from a “peer perform” rating to an “outperform” rating and set a $450.00 price objective on the stock in a research note on Monday, March 30th. Finally, Argus decreased their target price on CrowdStrike from $600.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $504.98.

View Our Latest Report on CrowdStrike

Key Stories Impacting CrowdStrike

Here are the key news stories impacting CrowdStrike this week:

CrowdStrike Price Performance

CRWD opened at $398.61 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $410.52 and its 200 day moving average price is $466.59. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90. The firm has a market cap of $101.09 billion, a price-to-earnings ratio of -538.65, a price-to-earnings-growth ratio of 17.51 and a beta of 1.07.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share for the quarter, topping 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 business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the firm earned $1.03 EPS. The business’s quarterly revenue was up 23.8% on a year-over-year basis. As a group, sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

CrowdStrike declared that its Board of Directors has initiated a stock buyback program on Monday, April 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 0.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

CrowdStrike Company Profile

(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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