CloudAlpha Capital Management Limited Hong Kong Invests $10.21 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CloudAlpha Capital Management Limited Hong Kong bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,000 shares of the company’s stock, valued at approximately $10,213,000. CrowdStrike accounts for about 0.9% of CloudAlpha Capital Management Limited Hong Kong’s portfolio, making the stock its 20th biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC bought a new stake in CrowdStrike in the fourth quarter valued at about $26,000. Bear Mountain Capital Inc. bought a new stake in CrowdStrike during the fourth quarter worth about $27,000. McGlone Suttner Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter worth about $36,000. Quent Capital LLC grew its stake in CrowdStrike by 48.5% during the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after buying an additional 48 shares during the last quarter. Finally, Silver Oak Securities Incorporated bought a new stake in CrowdStrike during the third quarter worth about $27,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 1.8 %

CrowdStrike stock traded down $5.46 during mid-day trading on Wednesday, reaching $293.69. The company’s stock had a trading volume of 2,285,202 shares, compared to its average volume of 3,646,331. The company has a market capitalization of $71.03 billion, a price-to-earnings ratio of 816.91, a price-to-earnings-growth ratio of 11.98 and a beta of 1.05. CrowdStrike Holdings, Inc. has a 12 month low of $115.67 and a 12 month high of $365.00. The business’s 50 day simple moving average is $319.71 and its 200 day simple moving average is $262.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,786 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total value of $592,094.72. Following the transaction, the chief accounting officer now owns 34,350 shares in the company, valued at approximately $11,387,712. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the sale, the chief accounting officer now directly owns 34,350 shares in the company, valued at $11,387,712. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 18,747 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was 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 $124,767,716.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 223,544 shares of company stock valued at $72,113,932. Corporate insiders own 5.68% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of several research analyst reports. UBS Group upped their price objective on shares of CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. upped their price objective on shares of CrowdStrike from $350.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Canaccord Genuity Group upped their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Raymond James assumed coverage on shares of CrowdStrike in a research report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 target price on the stock. Finally, Needham & Company LLC upped their target price on shares of CrowdStrike from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.29.

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.