Daiwa Securities Group Inc. Lowers Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Daiwa Securities Group Inc. lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,340 shares of the company's stock after selling 6,017 shares during the quarter. Daiwa Securities Group Inc.'s holdings in CrowdStrike were worth $8,513,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Coppell Advisory Solutions Corp. bought a new stake in CrowdStrike during the 4th quarter valued at $25,000. CVA Family Office LLC purchased a new position in CrowdStrike in the fourth quarter valued at about $26,000. Silver Oak Securities Incorporated purchased a new position in CrowdStrike in the third quarter valued at about $27,000. Bear Mountain Capital Inc. bought a new position in CrowdStrike in the fourth quarter worth about $27,000. Finally, Gradient Investments LLC lifted its position in shares of CrowdStrike by 1,818.2% during the third quarter. Gradient Investments LLC now owns 211 shares of the company's stock valued at $35,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CRWD. JPMorgan Chase & Co. boosted their price objective on shares of CrowdStrike from $350.00 to $371.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 6th. Scotiabank increased their price objective on CrowdStrike from $320.00 to $400.00 and gave the company a "sector outperform" rating in a report on Wednesday, March 6th. Robert W. Baird raised their price objective on CrowdStrike from $281.00 to $350.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 6th. Sanford C. Bernstein began coverage on CrowdStrike in a research report on Thursday, January 18th. They set an "outperform" rating and a $334.00 target price on the stock. Finally, Royal Bank of Canada raised their price target on CrowdStrike from $357.00 to $420.00 and gave the stock an "outperform" rating in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus price target of $371.87.

CrowdStrike Price Performance

CrowdStrike stock traded down $11.46 during midday trading on Friday, reaching $282.64. The company had a trading volume of 3,113,576 shares, compared to its average volume of 3,619,025. CrowdStrike Holdings, Inc. has a 12-month low of $115.67 and a 12-month high of $365.00. The firm's fifty day simple moving average is $318.65 and its 200-day simple moving average is $262.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market capitalization of $68.36 billion, a P/E ratio of 796.30, a P/E/G ratio of 11.75 and a beta of 1.05.

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

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly 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 Securities & Exchange Commission, which is available at the SEC website. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the firm's stock in a transaction on 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 directly owns 1,148,102 shares of the company's stock, valued at approximately $375,176,771.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total value of $1,235,160.00. Following the transaction, the insider now owns 208,961 shares in the company, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders sold 223,544 shares of company stock worth $72,113,932 over the last three months. Insiders own 5.68% of the company's stock.

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.