CrowdStrike (NASDAQ:CRWD) Shares Sold by Baillie Gifford & Co.

Key Points

• Baillie Gifford & Co. reduced its stake in CrowdStrike by 24.4%, now holding 28,038 shares valued at approximately $9.89 million, according to a recent SEC filing.
• CrowdStrike reported $1.10 billion in revenue for the last quarter, surpassing expectations, but its net margin remained negative at -4.17%.
• Insider sales occurred, with the CFO selling 16,000 shares for $6.99 million, which reflects a 6.02% decrease in their ownership, while overall insiders sold 241,820 shares valued at over $113 million.

Baillie Gifford & Co. lessened its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 24.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,038 shares of the company's stock after selling 9,066 shares during the period. Baillie Gifford & Co.'s holdings in CrowdStrike were worth $9,886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Jennison Associates LLC lifted its position in shares of CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after buying an additional 1,144,295 shares in the last quarter. Geode Capital Management LLC raised its position in CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after acquiring an additional 124,984 shares during the period. Norges Bank acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $1,111,542,000. Northern Trust Corp grew its position 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 valued at $777,292,000 after purchasing an additional 324,136 shares during the period. Finally, FMR LLC increased its stake in shares of CrowdStrike by 15.0% during the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after purchasing an additional 287,960 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $467.92 on Friday. The stock has a market capitalization of $116.63 billion, a price-to-earnings ratio of -678.14 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. The business has a 50-day moving average of $477.89 and a 200 day moving average of $418.70. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the sale, the chief financial officer owned 249,653 shares in the company, valued at $109,068,402.64. This represents a 6.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Roxanne S. Austin sold 15,000 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at $9,385,060.86. This represents a 44.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 241,820 shares of company stock valued at $113,297,985. Corporate insiders own 3.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CRWD. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Susquehanna raised their target price on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research report on Wednesday, June 4th. Morgan Stanley reiterated an "equal weight" rating and set a $495.00 price target (up from $490.00) on shares of CrowdStrike in a research report on Monday, July 14th. JMP Securities reissued a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Wedbush lifted their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $461.17.

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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