Elite Wealth Management Inc. Acquires Shares of 688 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Elite Wealth Management Inc. acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 688 shares of the company’s stock, valued at approximately $221,000.

Several other large investors have also recently bought and sold shares of the company. CVA Family Office LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $26,000. Hexagon Capital Partners LLC acquired a new stake in CrowdStrike in the 4th quarter valued at approximately $26,000. Silver Oak Securities Incorporated bought a new stake in CrowdStrike in the 3rd quarter valued at approximately $27,000. Bear Mountain Capital Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $27,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at approximately $30,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity 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 transaction of $25,514,982.40. Following the sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The sale was disclosed in a document filed with the SEC, which is available at this link. In other CrowdStrike news, insider Shawn Henry sold 14,815 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the sale, the insider now owns 235,850 shares in the company, valued at $76,851,722.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 317,000 shares of company stock worth $101,229,160. 4.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CRWD has been the topic of several analyst reports. HSBC upped their target price on CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Canaccord Genuity Group upped their target price on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Wedbush lifted their price target on CrowdStrike from $278.00 to $350.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. The Goldman Sachs Group lifted their target price on CrowdStrike from $222.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Stock Performance

CrowdStrike stock traded down $3.07 during trading on Thursday, hitting $342.35. The stock had a trading volume of 1,835,079 shares, compared to its average volume of 3,328,466. 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 stock’s 50 day moving average is $316.33 and its two-hundred day moving average is $286.86. CrowdStrike Holdings, Inc. has a 1 year low of $139.37 and a 1 year high of $365.00. The stock has a market cap of $82.80 billion, a price-to-earnings ratio of 951.00, a price-to-earnings-growth ratio of 13.97 and a beta of 1.08.

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

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.