CWA Asset Management Group LLC Has $628,000 Position in CrowdStrike (NASDAQ:CRWD)

CWA Asset Management Group LLC lowered its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 27.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,780 shares of the company's stock after selling 657 shares during the period. CWA Asset Management Group LLC's holdings in CrowdStrike were worth $628,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FSA Wealth Management LLC boosted its holdings in CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after purchasing an additional 23 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after purchasing an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after purchasing an additional 27 shares during the period. Wintrust Investments LLC lifted its stake in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after purchasing an additional 29 shares during the period. Finally, Greenwich Wealth Management LLC lifted its stake in shares of CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Ratings Changes

CRWD has been the subject of a number of research reports. Bank of America reaffirmed a "neutral" rating and set a $470.00 price target (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Truist Financial restated a "buy" rating and issued a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Wells Fargo & Company upped their target price on shares of CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. The Goldman Sachs Group increased their price objective on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, DZ Bank lowered shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target on the stock. in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $453.17.

Insider Buying and Selling

In other CrowdStrike news, Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the completion of the sale, the director now owns 29,500 shares of the company's stock, valued at $14,425,500. This trade represents a 25.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Michael Sentonas sold 25,000 shares of CrowdStrike 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 sale, the president now directly owns 422,204 shares of the company's stock, valued at $201,391,308. This trade represents a 5.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 201,748 shares of company stock valued at $89,478,971. Company insiders own 3.32% of the company's stock.

CrowdStrike Trading Down 1.8%

CrowdStrike stock traded down $8.86 during midday trading on Friday, reaching $476.30. The stock had a trading volume of 5,177,773 shares, compared to its average volume of 4,807,187. The firm's fifty day simple moving average is $440.62 and its two-hundred day simple moving average is $396.83. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $493.20. 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 firm has a market cap of $118.72 billion, a price-to-earnings ratio of -690.29 and a beta of 1.16.

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