Adero Partners LLC Sells 1,305 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Adero Partners LLC reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 17.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,281 shares of the company's stock after selling 1,305 shares during the period. Adero Partners LLC's holdings in CrowdStrike were worth $2,215,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Primoris Wealth Advisors LLC bought a new position in CrowdStrike during the 4th quarter valued at $2,166,000. OLD National Bancorp IN purchased a new stake in shares of CrowdStrike during the 1st quarter valued at $248,000. Arcadia Investment Management Corp MI increased its position in shares of CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after purchasing an additional 2,814 shares during the last quarter. Trifecta Capital Advisors LLC increased its position in shares of CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after purchasing an additional 8,561 shares during the last quarter. Finally, Delta Financial Group Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $336,000. 71.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on CRWD. JPMorgan Chase & Co. raised their target price on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Evercore ISI reissued an "in-line" rating and issued a $440.00 price objective (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Wedbush lifted their price objective on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. The Goldman Sachs Group raised their target price on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, DA Davidson raised their target price on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $453.17.

CrowdStrike Stock Down 0.2%

CRWD stock opened at $480.62 on Monday. The business's 50-day moving average price is $428.81 and its 200-day moving average price is $392.53. The stock has a market cap of $119.13 billion, a P/E ratio of 942.41, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $491.20. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The company's revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the sale, the president now owns 422,204 shares in the company, valued at $201,391,308. The trade was a 5.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 247,861 shares of company stock worth $104,770,558. 3.32% of the stock is currently owned by company insiders.

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.

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