CGN Advisors LLC Sells 702 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CGN Advisors LLC lowered its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 10.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,902 shares of the company's stock after selling 702 shares during the quarter. CGN Advisors LLC's holdings in CrowdStrike were worth $2,081,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRWD. Brighton Jones LLC boosted its holdings in CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after purchasing an additional 2,417 shares during the period. Waldron Private Wealth LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth approximately $245,000. Chicago Partners Investment Group LLC raised its holdings in CrowdStrike by 6.5% in the fourth quarter. Chicago Partners Investment Group LLC now owns 3,070 shares of the company's stock valued at $1,101,000 after acquiring an additional 187 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in CrowdStrike by 5.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,075 shares of the company's stock worth $2,421,000 after acquiring an additional 346 shares in the last quarter. Finally, Tritonpoint Wealth LLC purchased a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $221,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 195,431 shares of company stock worth $79,162,548 over the last 90 days. 3.32% of the stock is owned by company insiders.

CrowdStrike Stock Performance

Shares of CRWD traded down $28.20 during midday trading on Wednesday, hitting $460.56. 15,420,133 shares of the stock traded hands, compared to its average volume of 5,168,104. The business's 50 day moving average price is $408.78 and its two-hundred day moving average price is $385.89. The firm has a market capitalization of $114.16 billion, a PE ratio of 903.08, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research analyst reports. Rosenblatt Securities raised their target price on CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday. Wedbush upped their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a report on Tuesday. BMO Capital Markets increased their target price on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday. Robert W. Baird reduced their price target on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research report on Wednesday, March 5th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $449.38.

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.