Stifel Financial Corp Cuts Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Stifel Financial Corp decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,655 shares of the company’s stock after selling 14,037 shares during the quarter. Stifel Financial Corp’s holdings in CrowdStrike were worth $69,870,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CRWD. CVA Family Office LLC purchased a new stake in CrowdStrike in the fourth quarter worth approximately $26,000. Hexagon Capital Partners LLC purchased a new stake in CrowdStrike in the fourth quarter worth approximately $26,000. Silver Oak Securities Incorporated purchased a new stake in CrowdStrike in the third quarter worth approximately $27,000. Bear Mountain Capital Inc. purchased a new stake in CrowdStrike in the fourth quarter worth approximately $27,000. Finally, Johnson Financial Group Inc. purchased a new stake in CrowdStrike in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 78,080 shares of the stock in a transaction on 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 of the company’s stock, valued at $375,176,771.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 78,080 shares of the stock in a transaction dated 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 directly 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 317,000 shares of company stock valued at $101,229,160 over the last ninety days. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 0.0 %

CrowdStrike stock opened at $349.50 on Thursday. 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 Holdings, Inc. has a one year low of $139.37 and a one year high of $365.00. The stock has a market capitalization of $84.53 billion, a PE ratio of 970.92, a price-to-earnings-growth ratio of 13.87 and a beta of 1.08. The business’s fifty day moving average is $318.62 and its 200 day moving average is $291.94.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The company had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. On average, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on CRWD. Jefferies Financial Group upped their target price on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Susquehanna boosted their price objective on CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a research report on Thursday, March 7th. Citigroup boosted their price objective on CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Canaccord Genuity Group boosted their price objective on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, UBS Group boosted their price objective on CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $373.95.

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.