Bailard Inc. Lowers Stake in CrowdStrike (NASDAQ:CRWD)

Bailard Inc. decreased its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,426 shares of the company's stock after selling 761 shares during the quarter. Bailard Inc.'s holdings in CrowdStrike were worth $7,907,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CRWD. Blue Trust Inc. lifted its holdings in shares of CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after purchasing an additional 215 shares during the last quarter. Primoris Wealth Advisors LLC acquired a new position in CrowdStrike in the 4th quarter worth about $2,166,000. OLD National Bancorp IN acquired a new position in CrowdStrike in the 1st quarter worth about $248,000. Bessemer Group Inc. increased its holdings in shares of CrowdStrike by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after acquiring an additional 98 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. acquired a new position in shares of CrowdStrike during the 4th quarter valued at about $284,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Activity

In other news, CEO George Kurtz sold 17,525 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $477.62, for a total transaction of $8,370,290.50. Following the sale, the chief executive officer directly owned 2,175,154 shares of the company's stock, valued at $1,038,897,053.48. The trade was a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the sale, the director directly owned 781,011 shares in the company, valued at $400,213,466.73. This trade represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 255,294 shares of company stock valued at $118,670,500. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Stock Up 1.3%

NASDAQ CRWD traded up $6.13 on Friday, hitting $475.96. The stock had a trading volume of 2,901,063 shares, compared to its average volume of 4,755,357. The business's fifty day moving average price is $473.24 and its 200 day moving average price is $413.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. The stock has a market cap of $118.63 billion, a price-to-earnings ratio of -689.80 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. Equities research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on CRWD shares. Evercore ISI reiterated an "in-line" rating and issued a $440.00 price objective (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Stifel Nicolaus raised their price target on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley restated an "equal weight" rating and issued a $495.00 price target (up from $490.00) on shares of CrowdStrike in a research report on Monday. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. Finally, Needham & Company LLC lifted their target price on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $456.60.

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.