Central Pacific Bank Trust Division Has $71,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Central Pacific Bank Trust Division reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 93.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200 shares of the company's stock after selling 2,900 shares during the period. Central Pacific Bank Trust Division's holdings in CrowdStrike were worth $71,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRWD. Brighton Jones LLC lifted its stake in CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after buying an additional 2,417 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $628,000. Waldron Private Wealth LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $245,000. Chicago Partners Investment Group LLC lifted its position in CrowdStrike by 6.5% in the fourth quarter. Chicago Partners Investment Group LLC now owns 3,070 shares of the company's stock worth $1,101,000 after purchasing an additional 187 shares during the period. Finally, China Universal Asset Management Co. Ltd. lifted its position in CrowdStrike by 28.9% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,806 shares of the company's stock worth $1,302,000 after purchasing an additional 853 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Up 0.5%

Shares of NASDAQ CRWD traded up $2.38 on Thursday, reaching $462.94. 6,174,926 shares of the company's stock traded hands, compared to its average volume of 5,115,588. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $491.20. The business's 50 day simple moving average is $413.06 and its two-hundred day simple moving average is $387.23. The company has a market cap of $114.75 billion, a price-to-earnings ratio of 907.74, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. As a group, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays set a $500.00 price objective on CrowdStrike in a report on Tuesday. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Roth Capital boosted their target price on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday. Canaccord Genuity Group reiterated a "hold" rating and set a $475.00 target price (up from $420.00) on shares of CrowdStrike in a research report on Wednesday. Finally, Raymond James reiterated an "outperform" rating and issued a $485.00 target price (up from $390.00) on shares of CrowdStrike in a research report on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $449.38.

Insider Activity

In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the sale, the insider now owns 89,714 shares in the company, valued at approximately $31,669,042. The trade was a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 2,141 shares of CrowdStrike stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $371.79, for a total transaction of $796,002.39. Following the sale, the chief accounting officer now owns 34,024 shares of the company's stock, valued at approximately $12,649,782.96. This trade represents a 5.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 211,681 shares of company stock worth $87,081,236 over the last 90 days. 3.32% of the stock is currently owned by company insiders.

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.