Creekmur Asset Management LLC Trims Stake in CrowdStrike (NASDAQ:CRWD)

Creekmur Asset Management LLC cut its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 21.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,126 shares of the company's stock after selling 590 shares during the period. Creekmur Asset Management LLC's holdings in CrowdStrike were worth $750,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in CrowdStrike during the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of CrowdStrike by 77.6% in the first 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. Finally, Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter valued at approximately $34,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, Director Denis Oleary sold 15,680 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the transaction, the director directly owned 36,906 shares of the company's stock, valued at $17,306,330.58. This represents a 29.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 25,000 shares of the firm's stock in a transaction 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 completion of the transaction, the president owned 422,204 shares in the company, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,294 shares of company stock worth $118,670,500. 3.32% of the stock is owned by company insiders.

CrowdStrike Stock Up 1.3%

NASDAQ:CRWD traded up $6.13 on Friday, reaching $475.96. 2,901,063 shares of the stock traded hands, compared to its average volume of 4,756,174. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $118.63 billion, a price-to-earnings ratio of -689.80 and a beta of 1.16. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98. The company's fifty day simple moving average is $473.24 and its 200 day simple moving average is $413.85.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Roth Capital increased their target price on CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Needham & Company LLC lifted their price target on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Cantor Fitzgerald increased their price objective on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Finally, BMO Capital Markets increased their price target on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $456.60.

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.