CrowdStrike $CRWD Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its holdings in CrowdStrike by 37.8% in the first quarter of 2024, owning 43,983 shares after selling 26,732 shares.
• Institutional investors and hedge funds collectively own 71.16% of CrowdStrike's stock, indicating significant institutional interest.
• CrowdStrike's recent quarterly earnings report showed a 19.8% revenue increase year-over-year, with earnings per share slightly exceeding analysts' expectations at $0.73.

Banco Bilbao Vizcaya Argentaria S.A. decreased its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 37.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,983 shares of the company's stock after selling 26,732 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in CrowdStrike were worth $15,485,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in CrowdStrike during the 1st quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC boosted its position in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares during the period. Vision Financial Markets LLC acquired a new position in CrowdStrike during the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted its position in CrowdStrike by 305.3% during 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. Finally, Neo Ivy Capital Management acquired a new position in CrowdStrike during the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Buying and Selling

In other news, Director Johanna Flower sold 2,073 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the sale, the director owned 81,383 shares of the company's stock, valued at approximately $38,592,632.43. The trade was a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roxanne S. Austin sold 9,447 shares of the business'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 sale, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. This represents a 33.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Trading Down 1.8%

Shares of CRWD stock opened at $418.60 on Wednesday. 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 1 year low of $242.25 and a 1 year high of $517.98. The stock has a fifty day moving average of $471.05 and a two-hundred day moving average of $427.34. The firm has a market capitalization of $104.34 billion, a PE ratio of -606.67 and a beta of 1.13.

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, topping analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company's quarterly revenue was up 19.8% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.440-3.560 EPS. Q2 2026 guidance at 0.820-0.840 EPS. As a group, research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Analysts Set New Price Targets

CRWD has been the subject of a number of analyst reports. Evercore ISI reduced their price objective on CrowdStrike from $440.00 to $425.00 and set an "in-line" rating for the company in a research report on Monday. Cantor Fitzgerald boosted 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. Rosenblatt Securities boosted their price objective on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Wedbush boosted their price objective on CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Finally, DZ Bank lowered CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective for the company. in a research report on Thursday, May 22nd. Twenty-six equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $460.81.

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.

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