Kovack Advisors Inc. Has $2.12 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kovack Advisors Inc. reduced its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,319 shares of the company’s stock after selling 389 shares during the quarter. Kovack Advisors Inc.’s holdings in CrowdStrike were worth $2,124,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CVA Family Office LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth about $26,000. Silver Oak Securities Incorporated bought a new position in shares of CrowdStrike during the third quarter worth about $27,000. Bear Mountain Capital Inc. bought a new position in shares of CrowdStrike during the fourth quarter worth about $27,000. Gradient Investments LLC grew its holdings in shares of CrowdStrike by 1,818.2% during the third quarter. Gradient Investments LLC now owns 211 shares of the company’s stock worth $35,000 after buying an additional 200 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of CrowdStrike during the fourth quarter worth about $36,000. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research reports. Citigroup increased their price objective on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Raymond James initiated coverage on CrowdStrike in a report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 price objective for the company. TD Cowen increased their price objective on CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Royal Bank of Canada raised their price target on CrowdStrike from $357.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Barclays raised their price target on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Price Performance

CRWD stock traded up $6.05 during midday trading on Friday, reaching $304.07. 2,004,893 shares of the stock were exchanged, compared to its average volume of 3,528,025. The stock has a market capitalization of $73.55 billion, a PE ratio of 844.66, a P/E/G ratio of 11.90 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 52 week low of $115.67 and a 52 week high of $365.00. 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 fifty day moving average price of $314.71 and a 200 day moving average price of $268.13.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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 business had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. As a group, analysts expect that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Anurag Saha sold 1,019 shares of the business’s 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 directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 18,747 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $6,107,772.60. Following the completion of the transaction, the president now directly owns 382,958 shares in the company, valued at $124,767,716.40. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock worth $72,113,932 in the last 90 days. Insiders own 5.68% of the company’s stock.

CrowdStrike Company 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.