Alpine Woods Capital Investors LLC Sells 648 Shares of CrowdStrike (NASDAQ:CRWD)

Alpine Woods Capital Investors LLC trimmed its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 27.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,692 shares of the company's stock after selling 648 shares during the period. Alpine Woods Capital Investors LLC's holdings in CrowdStrike were worth $597,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike in the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC grew its position in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of CrowdStrike by 305.3% during the 1st 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 in the last quarter. Sound Income Strategies LLC raised its holdings in shares of CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after acquiring an additional 38 shares during the period. Finally, Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRWD. Wells Fargo & Company boosted their price objective on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Cfra reissued a "hold" rating and set a $555.00 target price (up previously from $517.00) on shares of CrowdStrike in a report on Thursday. DA Davidson raised their price target on shares of CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Stifel Nicolaus boosted their price objective on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Canaccord Genuity Group reiterated a "hold" rating and set a $475.00 price objective (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $456.29.

CrowdStrike Price Performance

NASDAQ:CRWD traded down $8.66 during midday trading on Friday, hitting $478.45. The company had a trading volume of 3,377,761 shares, compared to its average volume of 4,771,281. The stock's fifty day moving average price is $470.20 and its 200-day moving average price is $410.72. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. 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 company has a market capitalization of $119.25 billion, a PE ratio of -693.41 and a beta of 1.16.

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

Insiders Place Their Bets

In related news, CFO Burt W. Podbere sold 10,714 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $469.49, for a total transaction of $5,030,115.86. Following the transaction, the chief financial officer directly owned 239,008 shares in the company, valued at $112,211,865.92. This trade represents a 4.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Sentonas sold 11,527 shares of the business's stock in a transaction that occurred 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. Insiders sold a total of 255,821 shares of company stock valued at $118,672,681 over the last three months. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Company 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.