Beacon Financial Advisory LLC Lowers Stock Position in CrowdStrike (NASDAQ:CRWD)

Beacon Financial Advisory LLC trimmed its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,923 shares of the company's stock after selling 555 shares during the quarter. Beacon Financial Advisory LLC's holdings in CrowdStrike were worth $1,031,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CRWD. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares during the period. Sound Income Strategies LLC lifted its stake in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares during the last quarter. Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter valued at about $34,000. Millstone Evans Group LLC purchased a new position in CrowdStrike in the fourth quarter valued at about $34,000. Finally, ST Germain D J Co. Inc. grew its stake in CrowdStrike by 426.3% in the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after purchasing an additional 81 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 2.3%

Shares of CRWD opened at $505.22 on Friday. The stock's 50-day moving average price is $449.61 and its 200-day moving average price is $400.24. 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 $125.93 billion, a price-to-earnings ratio of -732.20 and a beta of 1.16. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $508.04.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion for 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 business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS. On average, sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore ISI reissued an "in-line" rating and set a $440.00 price target (down from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Rosenblatt Securities boosted their price objective on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Wedbush increased their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Piper Sandler lifted their price target on shares of CrowdStrike from $400.00 to $505.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley upped their price target on CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $453.88.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the sale, the president now directly owns 422,204 shares of the company's stock, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares of the company's stock, valued at approximately $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 240,821 shares of company stock valued at $108,501,609. Corporate insiders own 3.32% of the company's stock.

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.

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