Colonial River Investments LLC Cuts Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Colonial River Investments LLC cut its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 73.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 646 shares of the company's stock after selling 1,759 shares during the period. Colonial River Investments LLC's holdings in CrowdStrike were worth $228,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. FSA Wealth Management LLC increased its position in shares of CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after acquiring an additional 23 shares during the period. Jacobi Capital Management LLC grew its stake in CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after purchasing an additional 27 shares during the period. Wintrust Investments LLC increased its holdings in CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after purchasing an additional 29 shares during the period. Finally, Greenwich Wealth Management LLC raised its position in CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

CrowdStrike stock traded up $7.59 during mid-day trading on Monday, hitting $506.92. The company had a trading volume of 926,546 shares, compared to its average volume of 4,767,215. The company has a market capitalization of $126.35 billion, a price-to-earnings ratio of -735.41 and a beta of 1.16. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $510.15. The company's fifty day moving average is $452.08 and its 200-day moving average is $401.81. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly 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. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $0.93 earnings per share. The firm's revenue was up 19.8% on a year-over-year basis. Equities research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRWD. Susquehanna increased their price target on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research report on Wednesday, June 4th. Scotiabank boosted their target price on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Piper Sandler raised their price target on shares of CrowdStrike from $400.00 to $505.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Royal Bank Of Canada boosted their price objective on shares of CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus price target of $453.88.

Insider Activity

In other news, CEO George Kurtz sold 17,525 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $477.62, for a total transaction of $8,370,290.50. Following the completion of the transaction, the chief executive officer now directly owns 2,175,154 shares of the company's stock, valued at $1,038,897,053.48. This represents a 0.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Roxanne S. Austin sold 15,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the transaction, the director now owns 18,858 shares in the company, valued at $9,385,060.86. This trade represents a 44.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,821 shares of company stock worth $115,966,659 in the last ninety days. Company insiders own 3.32% of the company's stock.

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.