GPS Wealth Strategies Group LLC Purchases 1,512 Shares of CrowdStrike $CRWD

GPS Wealth Strategies Group LLC boosted its position in CrowdStrike (NASDAQ:CRWD) by 7.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 22,253 shares of the company’s stock after purchasing an additional 1,512 shares during the period. CrowdStrike comprises 1.2% of GPS Wealth Strategies Group LLC’s investment portfolio, making the stock its 17th biggest position. GPS Wealth Strategies Group LLC’s holdings in CrowdStrike were worth $10,912,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Planning Inc bought a new position in shares of CrowdStrike in the third quarter valued at approximately $25,000. Pilgrim Partners Asia Pte Ltd purchased a new position in CrowdStrike in the third quarter worth $25,000. AlphaQuest LLC purchased a new position in CrowdStrike in the second quarter worth $26,000. Howard Hughes Medical Institute bought a new position in CrowdStrike in the 2nd quarter valued at $27,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of CrowdStrike during the 3rd quarter valued at $27,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CRWD. BNP Paribas Exane boosted their price target on shares of CrowdStrike from $350.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Stephens reiterated an “overweight” rating and issued a $590.00 target price on shares of CrowdStrike in a research note on Thursday, December 18th. Mizuho set a $540.00 price target on shares of CrowdStrike in a research note on Thursday, January 8th. Morgan Stanley upped their price objective on CrowdStrike from $515.00 to $537.00 and gave the company an “equal weight” rating in a research note on Thursday, December 18th. Finally, The Goldman Sachs Group raised their target price on CrowdStrike from $535.00 to $564.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Thirty-one analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $555.21.

CrowdStrike Trading Down 1.6%

NASDAQ:CRWD opened at $469.19 on Thursday. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The stock’s fifty day moving average price is $482.16 and its two-hundred day moving average price is $477.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The company has a market cap of $118.28 billion, a P/E ratio of -372.37, a P/E/G ratio of 115.72 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. As a group, analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity at CrowdStrike

In other news, Director Denis Oleary sold 7,750 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $515.44, for a total transaction of $3,994,660.00. Following the completion of the transaction, the director directly owned 10,816 shares in the company, valued at $5,574,999.04. The trade was a 41.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 10,516 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the completion of the transaction, the chief financial officer directly owned 179,114 shares in the company, valued at approximately $86,571,169.62. The trade was a 5.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 69,048 shares of company stock valued at $34,509,857 in the last quarter. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.