Wellington Management Group LLP Sells 31,793 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Wellington Management Group LLP lessened its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 77.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,285 shares of the company's stock after selling 31,793 shares during the period. Wellington Management Group LLP's holdings in CrowdStrike were worth $3,177,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CRWD. FPC Investment Advisory Inc. boosted its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares during the period. Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $34,000. Bellwether Advisors LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $37,000. Finally, WealthTrak Capital Management LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $39,000. Institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Up 1.2%

Shares of CrowdStrike stock traded up $5.47 on Friday, hitting $468.41. The stock had a trading volume of 4,338,530 shares, compared to its average volume of 5,112,440. 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 Holdings, Inc. has a one year low of $200.81 and a one year high of $491.20. The stock's 50-day simple moving average is $413.06 and its two-hundred day simple moving average is $387.23. 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 1.22.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The company's revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CRWD shares. JMP Securities reissued a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a report on Wednesday. The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. UBS Group reissued a "buy" rating on shares of CrowdStrike in a report on Tuesday. Guggenheim restated a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a report on Thursday. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $450.43.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction 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 sale, the director now directly owns 768,092 shares of the company's stock, valued at $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 211,681 shares of company stock worth $87,081,236. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Company 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.