CrowdStrike (NASDAQ:CRWD) Holdings Decreased by Congress Park Capital LLC

Congress Park Capital LLC cut its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 26.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,305 shares of the company's stock after selling 815 shares during the quarter. Congress Park Capital LLC's holdings in CrowdStrike were worth $813,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after buying an additional 2,417 shares during the period. New York State Common Retirement Fund boosted its stake in CrowdStrike by 5.9% in the fourth quarter. New York State Common Retirement Fund now owns 275,600 shares of the company's stock valued at $94,299,000 after acquiring an additional 15,400 shares during the period. Bank of Jackson Hole Trust bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $46,000. Atlas Legacy Advisors LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $211,000. Finally, Global Retirement Partners LLC boosted its position in CrowdStrike by 26.7% during the 4th quarter. Global Retirement Partners LLC now owns 9,492 shares of the company's stock valued at $3,248,000 after purchasing an additional 1,999 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CRWD. DA Davidson upped their price objective on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group boosted their target price on shares of CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Raymond James Financial reaffirmed an "outperform" rating and set a $485.00 price target (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Canaccord Genuity Group reiterated a "hold" rating and set a $475.00 price objective (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $453.17.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 2,141 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $371.79, for a total transaction of $796,002.39. Following the transaction, the chief accounting officer now owns 34,024 shares in the company, valued at $12,649,782.96. This trade represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $482.50, for a total transaction of $4,825,000.00. Following the completion of the sale, the director now owns 18,297 shares of the company's stock, valued at $8,828,302.50. The trade was a 35.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 201,748 shares of company stock valued at $89,478,971. Insiders own 3.32% of the company's stock.

CrowdStrike Trading Down 1.4%

NASDAQ CRWD opened at $485.16 on Friday. The company has a market capitalization of $120.93 billion, a PE ratio of -703.13 and a beta of 1.16. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $493.20. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm's fifty day simple moving average is $438.65 and its 200-day simple moving average is $395.73.

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, beating the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm's revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 EPS. As a group, sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share 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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