SeaCrest Wealth Management LLC Grows Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SeaCrest Wealth Management LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 119.7% in the 4th quarter, HoldingsChannel reports. The firm owned 4,975 shares of the company’s stock after buying an additional 2,711 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in CrowdStrike were worth $1,231,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Fairfield Bush & CO. bought a new position in CrowdStrike during the first quarter worth about $654,000. MetLife Investment Management LLC purchased a new position in CrowdStrike in the 1st quarter valued at approximately $2,930,000. Yousif Capital Management LLC raised its holdings in CrowdStrike by 4.3% during the 1st quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock valued at $666,000 after acquiring an additional 120 shares during the period. Raymond James Trust N.A. lifted its position in shares of CrowdStrike by 37.3% during the first quarter. Raymond James Trust N.A. now owns 2,830 shares of the company’s stock worth $643,000 after acquiring an additional 769 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings in shares of CrowdStrike by 14.4% in the first quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock worth $658,000 after acquiring an additional 369 shares during the period. Institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $240.13, for a total transaction of $3,601,950.00. Following the sale, the director now owns 846,799 shares of the company’s stock, valued at $203,341,843.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now directly 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 237,667 shares of company stock worth $72,822,280 over the last three months. Company insiders own 5.68% of the company’s stock.

CrowdStrike Trading Down 0.5 %

Shares of CRWD traded down $1.66 during mid-day trading on Thursday, hitting $320.59. 2,249,823 shares of the company’s stock traded hands, compared to its average volume of 3,990,613. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $77.54 billion, a P/E ratio of 892.16, a PEG ratio of 13.40 and a beta of 1.06. The business’s 50-day moving average price is $315.08 and its 200-day moving average price is $247.33. 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 quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) 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 business had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 1.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of recent research reports. Evercore ISI increased their price objective on CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Macquarie restated an “outperform” rating and issued a $370.00 price objective on shares of CrowdStrike in a research report on Tuesday, March 19th. KeyCorp boosted their price objective on shares of CrowdStrike from $375.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Truist Financial increased their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Citigroup boosted their price target on shares of CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. One investment 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, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $373.29.

CrowdStrike Profile

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.