InTrack Investment Management Inc Lowers Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

InTrack Investment Management Inc decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 79.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 803 shares of the company's stock after selling 3,176 shares during the period. InTrack Investment Management Inc's holdings in CrowdStrike were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRWD. Primoris Wealth Advisors LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth $2,166,000. OLD National Bancorp IN acquired a new stake in CrowdStrike during the first quarter valued at $248,000. Arcadia Investment Management Corp MI grew its position in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after buying an additional 2,814 shares during the period. Trifecta Capital Advisors LLC grew its position in CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after buying an additional 8,561 shares during the period. Finally, Delta Financial Group Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $336,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several research analyst reports. Evercore ISI reiterated an "in-line" rating and issued a $440.00 target price (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Cantor Fitzgerald lifted their target price on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Scotiabank boosted their price target on shares of CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus boosted their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus target price of $453.17.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97% 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, Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the transaction, the director now owns 29,500 shares of the company's stock, valued at $14,425,500. This trade represents a 25.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 252,361 shares of company stock worth $106,359,058. 3.32% of the stock is owned by insiders.

CrowdStrike Stock Performance

NASDAQ:CRWD traded down $1.11 during trading hours on Friday, reaching $480.62. 2,608,585 shares of the company's stock were exchanged, compared to its average volume of 5,020,514. The firm has a market capitalization of $119.13 billion, a price-to-earnings ratio of 942.41, a P/E/G ratio of 17.86 and a beta of 1.16. The company has a 50-day moving average of $428.81 and a 200 day moving average of $391.91. 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 1-year low of $200.81 and a 1-year high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The company 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%. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

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.