Arden Trust Co’s recent filing with the SEC indicates a positive move for CrowdStrike Holdings, Inc. The institutional investor has boosted its stake in the cybersecurity company by 31.1% during the 1st quarter, buying an additional 1,972 shares of the company’s stock. With this increased investment, Arden Trust Co’s holdings in CrowdStrike are now worth $1,141,000 at the end of the most recent quarter.
This is exciting news for CrowdStrike investors and those interested in cloud-based solutions for protecting sensitive data. The company reported $0.03 EPS for their last quarterly earnings results, exceeding expectations set by analysts and beating the consensus estimate of ($0.10) by $0.13.
Their revenue reached $692.58 million for the quarter, which surpassed analysts’ expectations of $677.30 million. These strong financial results indicate that CrowdStrike is making strides in their cloud-delivered protection across endpoints, cloud workloads, identity and data.
The company offers an array of security services such as corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection and log management—all delivered through their innovative cloud model.
As more companies embrace remote workforces and migrate to cloud infrastructure to store important data and applications—they are increasingly in need of top-of-the-line cybersecurity solutions like what CrowdStrike provides.
Equities research analysts expect that CrowdStrike will continue to perform well with a projected EPS of 0.06 for the current fiscal year.
Overall, Arden Trust Co’s additional investment shows great promise for CrowdStrike’s future growth opportunities within the cybersecurity industry—making it a company to closely watch in coming years.
[bs_slider_forecast ticker=”CRWD”]
CrowdStrike Holdings: A Cybersecurity Powerhouse Making Waves in the Stock Market
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”CRWD” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]CrowdStrike Holdings, Inc. has been making waves in the stock market recently. With institutional investors buying and selling shares, the company’s stock has seen a lot of movement in the past few months. Coppell Advisory Solutions Corp., Turim 21 Investimentos Ltda., Legend Financial Advisors Inc., Freedom Wealth Alliance LLC, and Pittenger & Anderson Inc. are among some of the key players investing in CrowdStrike.
The company’s stock opened at $143.65 on Monday, with a 12-month low of $92.25 and high of $205.73. With a market cap of $34.06 billion, a PE ratio of -221.00, and a P/E/G ratio of 83.08, CrowdStrike Holdings is worth keeping an eye on.
As a cloud-delivered protection provider for endpoints and cloud workloads, identity, and data management, CrowdStrike offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection solutions as well as log management.
In terms of analyst ratings, CrowdStrike has received a “Moderate Buy” rating from Bloomberg.com with an average price target of $176.88 per share from five analysts who estimated that it deserves to be traded above its current market price.
Recent activity from corporate insiders includes President Michael Sentonas selling 10,551 shares for an average price of $150.48 per share for a total transaction worth $1,587,714.48 while insider Shawn Henry sold 9,218 shares at an average price of $150.48 per share for a total transaction worth $1,387,124.64.
Even with these sales occurring within the last ninety days by insiders owning 5.68% stake in their company’s stock as reported by Nasdaq.com June 26th could be just another day in the life of this cybersecurity powerhouse which has become one of the must-have stocks by investors.
