Crescent Grove Advisors LLC Sells 578 Shares of CrowdStrike (NASDAQ:CRWD)

Crescent Grove Advisors LLC decreased its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 47.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 645 shares of the company's stock after selling 578 shares during the period. Crescent Grove Advisors LLC's holdings in CrowdStrike were worth $227,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. boosted its holdings in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the period. Sound Income Strategies LLC boosted its holdings in CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after purchasing an additional 38 shares during the period. Crowley Wealth Management Inc. bought a new stake in CrowdStrike in the 4th quarter valued at about $34,000. Millstone Evans Group LLC bought a new stake in CrowdStrike in the 4th quarter valued at about $34,000. Finally, ST Germain D J Co. Inc. boosted its holdings in CrowdStrike by 426.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after purchasing an additional 81 shares during the period. Institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Roth Capital boosted their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Guggenheim restated a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Jefferies Financial Group boosted their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Rosenblatt Securities boosted their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Finally, BTIG Research restated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus price target of $453.88.

Insider Activity

In related news, CEO George Kurtz sold 55,556 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the transaction, the chief executive officer now directly owns 2,192,610 shares of the company's stock, valued at $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 15,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director now directly owns 18,858 shares in the company, valued at approximately $9,385,060.86. This represents a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 255,821 shares of company stock valued at $115,966,659. 3.32% of the stock is currently owned by insiders.

CrowdStrike Trading Down 1.2%

NASDAQ:CRWD opened at $499.33 on Friday. The firm's fifty day moving average is $452.08 and its 200-day moving average is $401.56. 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 52 week low of $200.81 and a 52 week high of $506.35. The firm has a market cap of $124.46 billion, a P/E ratio of -723.67 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 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 company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company's quarterly revenue was up 19.8% on a year-over-year basis. Equities analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

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.

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