CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 13.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,081 shares of the company's stock after selling 639 shares during the quarter. KMG Fiduciary Partners LLC's holdings in CrowdStrike were worth $1,439,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. boosted its position in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike in the 4th quarter worth $34,000. Millstone Evans Group LLC purchased a new position in CrowdStrike in the 4th quarter worth $34,000. ST Germain D J Co. Inc. raised its stake in CrowdStrike by 426.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after acquiring an additional 81 shares during the last quarter. Finally, Bellwether Advisors LLC purchased a new position in CrowdStrike in the 4th quarter worth $37,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Analysts Set New Price Targets

CRWD has been the subject of a number of research analyst reports. Robert W. Baird reduced their target price on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. DA Davidson raised their target price on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. BMO Capital Markets raised their target price on CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Bank of America restated a "neutral" rating and issued a $470.00 target price (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $450.43.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 211,681 shares of company stock worth $87,081,236 in the last ninety days. Insiders own 3.32% of the company's stock.

CrowdStrike Trading Up 1.2%

CRWD stock opened at $468.41 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $491.20. The stock has a market cap of $116.11 billion, a price-to-earnings ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.16. The business's 50-day moving average is $415.18 and its 200 day moving average is $388.50.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.93 EPS. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. On average, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal 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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