Catalyst Capital Advisors LLC decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,810 shares of the company’s stock after selling 470 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in CrowdStrike were worth $2,214,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Fort Sheridan Advisors LLC lifted its stake in CrowdStrike by 11.1% in the fourth quarter. Fort Sheridan Advisors LLC now owns 9,000 shares of the company’s stock worth $1,843,000 after acquiring an additional 900 shares during the period. Confluence Wealth Services Inc. purchased a new position in CrowdStrike during the fourth quarter valued at $135,000. Malaga Cove Capital LLC lifted its position in CrowdStrike by 0.9% during the fourth quarter. Malaga Cove Capital LLC now owns 22,248 shares of the company’s stock valued at $4,555,000 after buying an additional 198 shares during the period. Lee Capital Holdings LLC lifted its position in CrowdStrike by 778.3% during the fourth quarter. Lee Capital Holdings LLC now owns 8,695 shares of the company’s stock valued at $1,780,000 after buying an additional 7,705 shares during the period. Finally, Rafferty Asset Management LLC lifted its position in CrowdStrike by 12.5% during the fourth quarter. Rafferty Asset Management LLC now owns 36,149 shares of the company’s stock valued at $7,402,000 after buying an additional 4,028 shares during the period. 63.02% of the stock is owned by institutional investors.
CRWD has been the subject of several recent research reports. Citigroup initiated coverage on CrowdStrike in a research report on Monday, January 24th. They set a “buy” rating and a $220.00 price objective for the company. Morgan Stanley raised CrowdStrike from an “underweight” rating to an “equal weight” rating in a research report on Thursday, March 10th. Canaccord Genuity Group raised their price target on CrowdStrike from $238.00 to $260.00 and gave the company a “buy” rating in a report on Friday, April 8th. BTIG Research upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $257.00 price objective for the company in a research note on Thursday, March 10th. Finally, Jefferies Financial Group initiated coverage on shares of CrowdStrike in a report on Monday, April 18th. They issued a “buy” rating and a $275.00 target price for the company. One investment analyst has rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $267.68.
CrowdStrike (NASDAQ:CRWD – Get Rating) last issued its quarterly earnings results on Wednesday, March 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.06. The business had revenue of $431.01 million during the quarter, compared to analyst estimates of $412.38 million. CrowdStrike had a negative return on equity of 15.87% and a negative net margin of 16.17%. CrowdStrike’s revenue for the quarter was up 62.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) EPS. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post -0.89 EPS for the current fiscal year.
In related news, CEO George Kurtz sold 75,801 shares of the stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $200.92, for a total value of $15,229,936.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 20,839 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $228.02, for a total value of $4,751,708.78. Following the sale, the insider now directly owns 191,046 shares in the company, valued at $43,562,308.92. The disclosure for this sale can be found here. Insiders sold a total of 170,458 shares of company stock valued at $35,634,355 over the last 90 days. 8.64% of the stock is currently owned by corporate insiders.
About CrowdStrike (Get Rating)
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.
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