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Parisi Gray Wealth Management Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

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Parisi Gray Wealth Management lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 31.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,078 shares of the company’s stock after buying an additional 499 shares during the quarter. Parisi Gray Wealth Management’s holdings in CrowdStrike were worth $440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CRWD. NN Investment Partners Holdings N.V. purchased a new position in CrowdStrike in the 4th quarter worth about $3,707,000. NEXT Financial Group Inc boosted its stake in CrowdStrike by 19.1% in the 4th quarter. NEXT Financial Group Inc now owns 2,958 shares of the company’s stock worth $627,000 after purchasing an additional 475 shares during the period. Dfpg Investments LLC raised its holdings in shares of CrowdStrike by 285.5% during the 4th quarter. Dfpg Investments LLC now owns 8,673 shares of the company’s stock worth $1,940,000 after acquiring an additional 6,423 shares in the last quarter. CIBC World Markets Inc. raised its holdings in CrowdStrike by 68.8% during the 4th quarter. CIBC World Markets Inc. now owns 47,932 shares of the company’s stock valued at $10,153,000 after buying an additional 19,536 shares during the period. Finally, Strs Ohio raised its holdings in CrowdStrike by 1,537.3% during the 4th quarter. Strs Ohio now owns 88,412 shares of the company’s stock valued at $18,727,000 after buying an additional 83,012 shares during the period. 60.00% of the stock is owned by hedge funds and other institutional investors.

Shares of CRWD traded down $11.22 during midday trading on Tuesday, reaching $214.61. The company had a trading volume of 405 shares, compared to its average volume of 3,601,039. CrowdStrike Holdings, Inc. has a 1-year low of $31.95 and a 1-year high of $251.28. The stock has a market cap of $47.49 billion, a PE ratio of -470.47 and a beta of 1.32. The firm has a 50 day simple moving average of $224.64 and a 200-day simple moving average of $164.71.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, December 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.23. CrowdStrike had a negative return on equity of 12.79% and a negative net margin of 13.40%. The business had revenue of $232.50 million during the quarter, compared to the consensus estimate of $214.36 million. During the same period last year, the company earned ($0.07) EPS. The company’s revenue for the quarter was up 85.9% on a year-over-year basis. On average, sell-side analysts predict that CrowdStrike Holdings, Inc. will post -0.37 EPS for the current year.

Several research firms recently weighed in on CRWD. JMP Securities increased their price target on CrowdStrike from $180.00 to $295.00 and gave the company an “outperform” rating in a report on Monday. Oppenheimer restated an “outperform” rating and set a $190.00 price target on shares of CrowdStrike in a report on Thursday, February 11th. BTIG Research increased their target price on CrowdStrike from $206.00 to $236.00 and gave the stock a “buy” rating in a research note on Thursday, December 31st. Piper Sandler increased their target price on CrowdStrike from $180.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 5th. Finally, Barclays increased their target price on CrowdStrike from $193.00 to $221.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 6th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. CrowdStrike currently has a consensus rating of “Buy” and a consensus price target of $211.92.

In related news, COO Colin Black sold 19,856 shares of the firm’s stock in a transaction dated Friday, November 27th. The stock was sold at an average price of $151.70, for a total transaction of $3,012,155.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 31,452 shares of the firm’s stock in a transaction dated Tuesday, January 5th. The stock was sold at an average price of $199.90, for a total value of $6,287,254.80. The disclosure for this sale can be found here. Insiders sold a total of 1,082,948 shares of company stock valued at $209,963,993 over the last ninety days. Corporate insiders own 11.32% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc provides cloud-delivered solutions for next-generation endpoint protection in the United States, Australia, Germany, India, Romania, and the United Kingdom. It offers 11 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as endpoint security, security and IT operations, and threat intelligence to deliver comprehensive breach protection even against today’s most sophisticated attacks.

Further Reading: Trading Penny Stocks

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