268,000 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by Trivest Advisors Ltd

Trivest Advisors Ltd purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 268,000 shares of the company's stock, valued at approximately $68,426,000. CrowdStrike makes up about 3.1% of Trivest Advisors Ltd's investment portfolio, making the stock its 10th biggest position. Trivest Advisors Ltd owned 0.11% of CrowdStrike as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CRWD. CVA Family Office LLC purchased a new stake in shares of CrowdStrike during the fourth quarter valued at $26,000. Hexagon Capital Partners LLC purchased a new position in CrowdStrike during the 4th quarter worth approximately $26,000. Silver Oak Securities Incorporated purchased a new position in shares of CrowdStrike during the 3rd quarter valued at approximately $27,000. Bear Mountain Capital Inc. acquired a new stake in CrowdStrike in the 4th quarter valued at $27,000. Finally, Gradient Investments LLC grew its stake in CrowdStrike by 1,818.2% in the 3rd quarter. Gradient Investments LLC now owns 211 shares of the company's stock valued at $35,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the completion of the sale, the chief executive officer now owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO George Kurtz sold 56,279 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the transaction, the chief executive officer now directly owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,786 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total value of $592,094.72. Following the transaction, the chief accounting officer now directly owns 34,350 shares in the company, valued at approximately $11,387,712. The disclosure for this sale can be found here. Over the last quarter, insiders sold 295,576 shares of company stock valued at $94,052,850. 5.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on CRWD. KeyCorp lowered their target price on shares of CrowdStrike from $430.00 to $376.00 and set an "overweight" rating on the stock in a research note on Thursday, April 18th. Oppenheimer upped their price target on CrowdStrike from $300.00 to $355.00 and gave the company an "outperform" rating in a report on Wednesday, March 6th. Susquehanna raised their target price on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a "positive" rating in a research report on Thursday, March 7th. HSBC lifted their price objective on shares of CrowdStrike from $411.00 to $412.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Finally, Citigroup raised their target price on CrowdStrike from $320.00 to $425.00 and gave the company a "buy" rating in a report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus price target of $371.87.

CrowdStrike Stock Performance

CrowdStrike stock traded up $2.82 during midday trading on Friday, hitting $320.76. 2,657,401 shares of the company were exchanged, compared to its average volume of 2,455,080. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. CrowdStrike Holdings, Inc. has a fifty-two week low of $129.25 and a fifty-two week high of $365.00. The business has a fifty day simple moving average of $313.09 and a two-hundred day simple moving average of $277.39. The firm has a market capitalization of $77.58 billion, a PE ratio of 891.02, a price-to-earnings-growth ratio of 12.83 and a beta of 1.08.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating 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 company had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. On average, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share 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.

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