Beacon Investment Advisory Services Inc. Sells 2,838 Shares of CrowdStrike (NASDAQ:CRWD)

Beacon Investment Advisory Services Inc. trimmed its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 27.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,645 shares of the company's stock after selling 2,838 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in CrowdStrike were worth $2,695,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FSA Wealth Management LLC raised its position in shares of CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares during the period. Tradewinds Capital Management LLC increased its holdings in shares of CrowdStrike by 20.8% during the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares during the period. Stratos Wealth Advisors LLC raised its stake in shares of CrowdStrike by 0.9% during the first quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock valued at $1,052,000 after purchasing an additional 26 shares in the last quarter. Stratos Investment Management LLC raised its position in shares of CrowdStrike by 0.9% during the 1st quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock worth $1,129,000 after buying an additional 27 shares in the last quarter. Finally, American Financial Advisors LLC boosted its holdings in shares of CrowdStrike by 2.9% in the first quarter. American Financial Advisors LLC now owns 1,008 shares of the company's stock valued at $355,000 after acquiring an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of analyst reports. Stephens upped their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Raymond James Financial restated an "outperform" rating and issued a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Morgan Stanley restated an "equal weight" rating and issued a $495.00 price objective (up previously from $490.00) on shares of CrowdStrike in a report on Monday, July 14th. Oppenheimer increased their price objective on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Sanford C. Bernstein downgraded shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target for the company. in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus price target of $460.93.

CrowdStrike Stock Down 1.4%

Shares of CRWD traded down $6.59 during mid-day trading on Tuesday, hitting $474.99. 1,002,726 shares of the company's stock were exchanged, compared to its average volume of 4,587,115. The stock's 50-day moving average is $474.54 and its 200-day moving average is $415.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. The company has a market cap of $118.39 billion, a price-to-earnings ratio of -687.97 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm posted $0.93 EPS. The business's revenue was up 19.8% compared to the same quarter last year. On average, sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Johanna Flower sold 2,073 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total transaction of $983,037.33. Following the transaction, the director owned 81,383 shares in the company, valued at $38,592,632.43. This represents a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,768 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total transaction of $869,449.36. Following the transaction, the chief accounting officer owned 41,251 shares of the company's stock, valued at approximately $20,286,004.27. This represents a 4.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 252,320 shares of company stock worth $117,592,485. 3.32% of the stock is currently owned by insiders.

CrowdStrike 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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