Left Brain Wealth Management LLC Sells 2,529 Shares of CrowdStrike (NASDAQ:CRWD)

Left Brain Wealth Management LLC lowered its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,148 shares of the company's stock after selling 2,529 shares during the quarter. CrowdStrike makes up about 2.8% of Left Brain Wealth Management LLC's investment portfolio, making the stock its 9th largest holding. Left Brain Wealth Management LLC's holdings in CrowdStrike were worth $6,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CRWD. Vanguard Group Inc. raised its position in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after acquiring an additional 342,294 shares in the last quarter. Geode Capital Management LLC boosted its stake in CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank bought a new stake in shares of CrowdStrike in the fourth quarter worth $1,111,542,000. Northern Trust Corp grew its holdings in shares of CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after acquiring an additional 324,136 shares during the period. Finally, FMR LLC grew its holdings in shares of CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after acquiring an additional 287,960 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Down 0.5%

Shares of CRWD stock traded down $2.27 during trading hours on Monday, reaching $476.18. 3,331,990 shares of the company's stock were exchanged, compared to its average volume of 4,774,208. The stock's 50 day moving average is $470.20 and its 200-day moving average is $411.35. The company has a market cap of $118.69 billion, a price-to-earnings ratio of -690.12 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its 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. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $0.93 EPS. The firm's revenue was up 19.8% on a year-over-year basis. Analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, Director Denis Oleary sold 15,680 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total value of $7,352,822.40. Following the transaction, the director directly owned 36,906 shares of the company's stock, valued at $17,306,330.58. This represents a 29.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president directly owned 422,204 shares in the company, valued at approximately $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 253,221 shares of company stock worth $117,687,463 over the last 90 days. Insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Stifel Nicolaus lifted their target price on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC lifted their target price on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. UBS Group reissued a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Cfra reissued a "hold" rating and set a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a research note on Thursday. Finally, Evercore ISI restated an "in-line" rating and set a $440.00 target price (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $456.40.

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.