Atria Wealth Solutions Inc. Cuts Stake in CrowdStrike (NASDAQ:CRWD)

Key Points

• Atria Wealth Solutions Inc. reduced its stake in CrowdStrike by 5.0%, selling 1,678 shares, and retains a holding of 32,123 shares worth approximately $11.3 million.
• Several analysts have raised their target prices for CrowdStrike, with Susquehanna setting a new target of $530.00 and an average price target of $461.17 among analysts.
• CrowdStrike reported a 19.8% increase in quarterly revenue year-over-year, with earnings per share at $0.73, surpassing expectations of $0.66.

Atria Wealth Solutions Inc. decreased its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,123 shares of the company's stock after selling 1,678 shares during the period. Atria Wealth Solutions Inc.'s holdings in CrowdStrike were worth $11,326,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CRWD. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC increased its stake in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the period. Neo Ivy Capital Management bought a new position in shares of CrowdStrike during the 1st quarter worth about $30,000. Finally, Sound Income Strategies LLC grew its stake in shares of CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Buying and Selling

In other CrowdStrike news, Director Denis Oleary sold 15,680 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the sale, the director directly owned 36,906 shares in the company, valued at $17,306,330.58. This represents a 29.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Michael Sentonas sold 25,000 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president owned 422,204 shares of the company's stock, valued at $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,414 shares of company stock valued at $101,484,738 in the last three months. Insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

CRWD stock traded up $9.94 during midday trading on Wednesday, reaching $451.69. 2,030,984 shares of the company's stock traded hands, compared to its average volume of 2,633,956. The firm has a market capitalization of $112.58 billion, a PE ratio of -654.62 and a beta of 1.13. The company has a 50-day moving average price of $478.89 and a two-hundred day moving average price of $424.11. CrowdStrike has a 52 week low of $229.72 and a 52 week high of $517.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CRWD. Jefferies Financial Group increased their price target on CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Mizuho lifted their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada boosted their price target on shares of CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Roth Capital raised their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

CrowdStrike 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.