Axecap Investments LLC Sells 3,516 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Axecap Investments LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 29.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,495 shares of the company's stock after selling 3,516 shares during the quarter. CrowdStrike accounts for 2.5% of Axecap Investments LLC's investment portfolio, making the stock its 13th largest holding. Axecap Investments LLC's holdings in CrowdStrike were worth $2,995,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CRWD. Norges Bank acquired a new position in CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. GAMMA Investing LLC lifted its stake in CrowdStrike by 50,536.2% in the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after buying an additional 1,084,506 shares during the period. Pathstone Holdings LLC lifted its stake in CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after buying an additional 1,017,678 shares during the period. Raymond James Financial Inc. acquired a new position in CrowdStrike in the fourth quarter valued at approximately $237,375,000. Finally, Voya Investment Management LLC lifted its stake in CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after buying an additional 582,471 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $4.75 during trading on Thursday, hitting $481.73. The stock had a trading volume of 3,512,877 shares, compared to its average volume of 5,025,949. The firm has a market cap of $119.41 billion, a price-to-earnings ratio of 944.59, a P/E/G ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $491.20. The business's 50-day moving average is $422.55 and its 200 day moving average is $390.29. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the company posted $0.93 EPS. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CRWD. Morgan Stanley upped their target price on CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Cantor Fitzgerald upped their target price on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Evercore ISI reaffirmed an "in-line" rating and set a $440.00 target price (down from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Mizuho upped their target price on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Roth Capital upped their target price on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $453.17.

Insider Activity

In other news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 55,556 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the transaction, the chief executive officer now owns 2,192,610 shares in the company, valued at $981,280,679.40. This trade represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 252,361 shares of company stock worth $106,359,058. 3.32% of the stock is currently owned by corporate insiders.

About CrowdStrike

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.