Axxcess Wealth Management LLC lowered its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 34.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,764 shares of the company's stock after selling 2,012 shares during the period. Axxcess Wealth Management LLC's holdings in CrowdStrike were worth $1,327,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWD. Norges Bank purchased a new position in CrowdStrike in the 4th quarter valued at $1,111,542,000. GAMMA Investing LLC lifted its holdings in CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after purchasing an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after acquiring an additional 1,017,678 shares during the period. Voya Investment Management LLC raised its holdings in shares of CrowdStrike by 43.5% during the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after acquiring an additional 582,471 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of CrowdStrike by 2,586.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock worth $143,055,000 after acquiring an additional 402,531 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.
Insider Buying and Selling
In other news, CFO Burt W. Podbere sold 10,714 shares of the company'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 completion of the sale, the chief financial officer owned 239,008 shares in the company, valued at $112,211,865.92. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the sale, the director owned 18,858 shares of the company's stock, valued at $9,667,553.70. This trade represents a 33.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,821 shares of company stock valued at $118,672,681 in the last 90 days. Company insiders own 3.32% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on CRWD shares. Piper Sandler lowered CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price target on the stock. in a report on Monday. Mizuho lifted their price target on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Oppenheimer lifted their price target on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Scotiabank lifted their price target on CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets lifted their price target on CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $456.29.
View Our Latest Report on CrowdStrike
CrowdStrike Price Performance
Shares of NASDAQ CRWD opened at $487.11 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The stock has a 50 day moving average of $469.44 and a two-hundred day moving average of $409.94. The stock has a market cap of $121.41 billion, a P/E ratio of -705.96 and a beta of 1.16.
CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued 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. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. On average, research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.
CrowdStrike Company Profile
(
Free Report)
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.
Further Reading
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