Citizens Financial Group Inc. RI Acquires Shares of 784 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Citizens Financial Group Inc. RI purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 784 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Golden State Equity Partners purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $294,000. Cornerstone Capital Inc. increased its stake in CrowdStrike by 3.6% in the 4th quarter. Cornerstone Capital Inc. now owns 7,535 shares of the company’s stock worth $1,924,000 after buying an additional 260 shares in the last quarter. K.J. Harrison & Partners Inc bought a new position in CrowdStrike in the 4th quarter worth approximately $562,000. Callan Capital LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at about $899,000. Finally, Motley Fool Asset Management LLC boosted its position in shares of CrowdStrike by 8.1% during the 4th quarter. Motley Fool Asset Management LLC now owns 6,587 shares of the company’s stock valued at $1,682,000 after acquiring an additional 494 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $304.04 on Tuesday. CrowdStrike Holdings, Inc. has a twelve month low of $115.67 and a twelve month high of $365.00. 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 fifty day simple moving average of $314.21 and a 200 day simple moving average of $270.11. The company has a market capitalization of $73.54 billion, a PE ratio of 844.56, a P/E/G ratio of 12.16 and a beta of 1.05.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Susquehanna increased their target price on shares of CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a research note on Thursday, March 7th. Wells Fargo & Company increased their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Monday, April 8th. Canaccord Genuity Group lifted their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, 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. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $371.87.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike 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 transaction, the chief executive officer now directly owns 1,148,102 shares in the company, valued at approximately $375,176,771.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO George Kurtz sold 78,080 shares of the business’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 sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The disclosure for this sale can be found here. Insiders have sold a total of 223,544 shares of company stock worth $72,113,932 over the last ninety days. 5.68% of the stock is currently owned by company insiders.

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.