CrowdStrike (NASDAQ:CRWD) Position Lessened by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC trimmed its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 29.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,038 shares of the company's stock after selling 11,929 shares during the quarter. Alpha Cubed Investments LLC's holdings in CrowdStrike were worth $9,886,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Cloud Capital Management LLC acquired a new position in CrowdStrike in the first quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC increased its stake in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Sound Income Strategies LLC increased its stake in CrowdStrike by 77.6% in the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. Finally, Crowley Wealth Management Inc. acquired a new position in CrowdStrike in the fourth quarter valued at $34,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on CRWD shares. Morgan Stanley upped their target price on CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Rosenblatt Securities upped their target price on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. DZ Bank downgraded CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target for the company. in a research report on Thursday, May 22nd. Finally, Cantor Fitzgerald boosted their price target on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $453.88.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,768 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the completion of the sale, the chief accounting officer directly owned 41,251 shares of the company's stock, valued at $20,286,004.27. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael Sentonas sold 11,527 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total value of $5,431,522.40. Following the completion of the sale, the president owned 410,677 shares of the company's stock, valued at $193,511,002.40. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 249,571 shares of company stock worth $115,469,993. 3.32% of the stock is owned by insiders.

CrowdStrike Price Performance

NASDAQ CRWD traded down $8.64 on Monday, reaching $505.46. 3,263,799 shares of the stock traded hands, compared to its average volume of 4,784,538. The company has a market cap of $125.99 billion, a price-to-earnings ratio of -732.55 and a beta of 1.16. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm's fifty day simple moving average is $463.46 and its 200 day simple moving average is $406.65. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company's revenue was up 19.8% compared to the same quarter last year. During the same period last year, the company posted $0.93 EPS. As a group, research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.