CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Reliant Investment Management LLC

Reliant Investment Management LLC trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 5.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 17,408 shares of the company's stock after selling 1,035 shares during the period. CrowdStrike comprises 3.2% of Reliant Investment Management LLC's investment portfolio, making the stock its 12th biggest holding. Reliant Investment Management LLC's holdings in CrowdStrike were worth $6,138,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. grew its position in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Crowley Wealth Management Inc. purchased a new position in CrowdStrike in the fourth quarter worth approximately $34,000. Millstone Evans Group LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth $34,000. ST Germain D J Co. Inc. lifted its holdings in CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after buying an additional 81 shares during the last quarter. Finally, Bellwether Advisors LLC acquired a new position in CrowdStrike in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $468.41 on Friday. The stock's 50-day simple moving average is $415.18 and its 200 day simple moving average is $388.02. The firm has a market capitalization of $116.11 billion, a PE ratio of 918.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $491.20. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now owns 89,714 shares of the company's stock, valued at $31,669,042. This trade represents a 4.78% decrease in their position. 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 90 days. Corporate insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the subject of several research analyst reports. Canaccord Genuity Group restated a "hold" rating and issued a $475.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday. Raymond James reiterated an "outperform" rating and issued a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a research report on Wednesday. Stephens increased their target price on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday. KeyCorp cut their price target on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Finally, Piper Sandler lifted their price objective on CrowdStrike from $400.00 to $505.00 and gave the stock an "overweight" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus price target of $450.43.

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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