Lmcg Investments LLC Cuts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Lmcg Investments LLC trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 3.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,519 shares of the company's stock after selling 1,109 shares during the quarter. Lmcg Investments LLC's holdings in CrowdStrike were worth $11,466,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in CrowdStrike in the 4th quarter worth approximately $1,111,542,000. GAMMA Investing LLC lifted its stake in shares of CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after purchasing an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in shares of CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the period. Raymond James Financial Inc. purchased a new stake in CrowdStrike during the 4th quarter valued at $237,375,000. Finally, Voya Investment Management LLC lifted its position in CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after buying an additional 582,471 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CRWD. KeyCorp reduced their target price on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Stifel Nicolaus raised their price objective on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday. Raymond James reaffirmed an "outperform" rating and set a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday. Royal Bank of Canada raised their price target on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Morgan Stanley boosted their price objective on CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $450.43.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 13,543 shares of the 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 $4,856,790.66. Following the completion of the transaction, the president now owns 405,308 shares of the company's stock, valued at $145,351,554.96. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm's 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 transaction, the insider now owns 89,714 shares in the company, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 211,681 shares of company stock worth $87,081,236. Company insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $5.47 during trading hours on Friday, reaching $468.41. The stock had a trading volume of 4,338,578 shares, compared to its average volume of 5,112,446. The stock's 50 day moving average is $413.06 and its 200 day moving average is $387.23. 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 twelve month low of $200.81 and a twelve month high of $491.20. The firm has a market capitalization of $116.11 billion, a PE ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.22.

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

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.