CrowdStrike (NASDAQ:CRWD) is Darden Wealth Group Inc's 8th Largest Position

Darden Wealth Group Inc lessened its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 6.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,822 shares of the company's stock after selling 576 shares during the quarter. CrowdStrike accounts for about 2.1% of Darden Wealth Group Inc's holdings, making the stock its 8th biggest position. Darden Wealth Group Inc's holdings in CrowdStrike were worth $2,758,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after buying an additional 2,417 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth about $254,000. Corient Private Wealth LLC lifted its stake in shares of CrowdStrike by 10.5% during the fourth quarter. Corient Private Wealth LLC now owns 30,116 shares of the company's stock worth $9,634,000 after purchasing an additional 2,854 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of CrowdStrike by 44.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 5,776 shares of the company's stock worth $1,976,000 after purchasing an additional 1,773 shares in the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in shares of CrowdStrike during the fourth quarter worth about $2,225,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

NASDAQ CRWD traded down $0.15 on Friday, hitting $469.68. 354,327 shares of the stock were exchanged, compared to its average volume of 4,746,461. The business's fifty day moving average is $473.24 and its 200 day moving average is $413.85. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The company has a market capitalization of $117.07 billion, a PE ratio of -680.68 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BTIG Research restated a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. JMP Securities reissued a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a report on Wednesday, June 4th. Barclays set a $500.00 target price on shares of CrowdStrike in a research note on Tuesday, June 3rd. Scotiabank increased their target price on CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Finally, Evercore ISI restated an "in-line" rating and set a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average price target of $456.60.

Insider Buying and Selling at CrowdStrike

In related news, CFO Burt W. Podbere sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the transaction, the chief financial officer owned 249,653 shares in the company, valued at $109,068,402.64. This trade represents a 6.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the completion of the transaction, the director owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This trade represents a 29.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 255,294 shares of company stock worth $118,670,500 over the last 90 days. 3.32% of the stock is 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.

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