Boyd Watterson Asset Management LLC OH Sells 624 Shares of CrowdStrike (NASDAQ:CRWD)

Boyd Watterson Asset Management LLC OH reduced its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,834 shares of the company's stock after selling 624 shares during the period. CrowdStrike accounts for about 1.1% of Boyd Watterson Asset Management LLC OH's investment portfolio, making the stock its 24th largest holding. Boyd Watterson Asset Management LLC OH's holdings in CrowdStrike were worth $3,467,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in CrowdStrike during the fourth quarter valued at approximately $1,111,542,000. Jennison Associates LLC increased its holdings in CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after buying an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC increased its holdings in CrowdStrike by 50,536.2% during 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 last quarter. Pathstone Holdings LLC increased its holdings in CrowdStrike by 379.0% during 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 last quarter. Finally, Voya Investment Management LLC increased its holdings in CrowdStrike by 43.5% during 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 last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,768 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total value of $869,449.36. Following the transaction, the chief accounting officer directly owned 41,251 shares in the company, valued at $20,286,004.27. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Roxanne S. Austin sold 9,447 shares of the firm's stock in a transaction 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 completion of the transaction, the director owned 18,858 shares in the company, valued at $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 241,820 shares of company stock worth $113,297,985. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Trading Up 1.3%

Shares of NASDAQ CRWD traded up $5.89 during midday trading on Friday, hitting $467.92. The stock had a trading volume of 1,788,951 shares, compared to its average volume of 2,689,736. The company's 50-day simple moving average is $477.89 and its 200 day simple moving average is $418.70. The firm has a market cap of $116.63 billion, a P/E ratio of -678.14 and a beta of 1.16. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. 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 (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS. Research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of analyst reports. Stifel Nicolaus increased their price objective on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Needham & Company LLC upped their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Evercore ISI reaffirmed an "in-line" rating and set a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $461.17.

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.