Hills Bank & Trust Co Reduces Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Hills Bank & Trust Co decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.1% in the 4th quarter, Holdings Channel reports. The fund owned 2,199 shares of the company’s stock after selling 361 shares during the quarter. Hills Bank & Trust Co’s holdings in CrowdStrike were worth $561,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC purchased a new position in CrowdStrike during the fourth quarter valued at approximately $26,000. Hexagon Capital Partners LLC bought a new position in shares of CrowdStrike in the fourth quarter worth $26,000. Silver Oak Securities Incorporated purchased a new stake in shares of CrowdStrike in the third quarter worth $27,000. Bear Mountain Capital Inc. bought a new stake in CrowdStrike during the fourth quarter valued at $27,000. Finally, Gradient Investments LLC grew its position in 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. 71.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Evercore ISI lifted their price target on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Wednesday, January 17th. Oppenheimer raised their price objective on CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Truist Financial increased their target price on CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Jefferies Financial Group lifted their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Stock Up 1.3 %

Shares of NASDAQ CRWD traded up $4.18 on Thursday, reaching $317.94. 2,157,316 shares of the company’s stock traded hands, compared to its average volume of 3,445,181. 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 business’s 50 day simple moving average is $313.09 and its two-hundred day simple moving average is $275.45. CrowdStrike Holdings, Inc. has a 12 month low of $129.25 and a 12 month high of $365.00. The company has a market cap of $76.90 billion, a price-to-earnings ratio of 883.17, a price-to-earnings-growth ratio of 12.41 and a beta of 1.08.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (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 business had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. As a group, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 56,279 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the sale, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Michael Sentonas sold 18,747 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the sale, the president now owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the transaction, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 295,576 shares of company stock valued at $94,052,850. Insiders own 5.68% of the company’s stock.

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.