Cynosure Group LLC Makes New $305,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cynosure Group LLC bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 952 shares of the company’s stock, valued at approximately $305,000.

Several other institutional investors have also recently made changes to their positions in the stock. Hillsdale Investment Management Inc. purchased a new stake in shares of CrowdStrike during the first quarter worth $591,000. Jacobi Capital Management LLC lifted its position in shares of CrowdStrike by 14.1% during the first quarter. Jacobi Capital Management LLC now owns 1,265 shares of the company’s stock worth $406,000 after acquiring an additional 156 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of CrowdStrike during the first quarter worth $839,000. Allstate Corp purchased a new stake in shares of CrowdStrike during the first quarter worth $225,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of CrowdStrike during the first quarter worth $273,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of the stock in a transaction on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CrowdStrike news, CFO Burt W. Podbere sold 15,753 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $305.15, for a total value of $4,807,027.95. Following the completion of the sale, the chief financial officer now owns 313,994 shares in the company, valued at approximately $95,815,269.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 56,279 shares of the stock in a transaction dated 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 approximately $348,868,471.68. The disclosure for this sale can be found here. Insiders sold 219,675 shares of company stock worth $76,931,522 in the last three months. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CRWD shares. Oppenheimer increased their price objective on CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. BTIG Research downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on CrowdStrike from $371.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th. Mizuho lowered their price objective on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Finally, KeyCorp lowered their price objective on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $364.95.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $10.15 during trading hours on Tuesday, reaching $274.06. The company had a trading volume of 20,469,092 shares, compared to its average volume of 4,809,860. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike Holdings, Inc. has a 52 week low of $140.52 and a 52 week high of $398.33. The firm has a market cap of $66.70 billion, a price-to-earnings ratio of 514.25, a PEG ratio of 15.37 and a beta of 1.10. The firm’s 50 day moving average price is $360.57 and its 200-day moving average price is $326.86.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 0.9 EPS 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.