CrowdStrike (NASDAQ:CRWD) Shares Sold by Howard Capital Management Inc.

Key Points

• Howard Capital Management Inc. reduced its stake in CrowdStrike by 11.4%, selling 704 shares and holding 5,468 shares valued at approximately $1.93 million.
• Insider trading activity includes the CFO selling 16,000 shares for about $6.99 million and a director selling 15,000 shares for approximately $7.47 million.
• Analysts have mixed ratings on CrowdStrike stock, with targets ranging from $370 to $555, and a current consensus rating of "Moderate Buy."

Howard Capital Management Inc. decreased its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 11.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,468 shares of the company's stock after selling 704 shares during the period. Howard Capital Management Inc.'s holdings in CrowdStrike were worth $1,928,000 as of its most recent SEC filing.

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

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 11,527 shares of CrowdStrike stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $5,431,522.40. Following the transaction, the president owned 410,677 shares in the company, valued at $193,511,002.40. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total value of $3,202,687.50. Following the completion of the transaction, the director owned 781,011 shares in the company, valued at $400,213,466.73. This trade represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 235,570 shares of company stock valued at $110,581,672 over the last three months. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CRWD. Needham & Company LLC lifted their price target on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Wedbush lifted their price target on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Raymond James Financial reissued an "outperform" rating and issued a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Scotiabank boosted 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 reissued an "in-line" rating and issued a $440.00 target price (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have issued a buy rating to the company's stock. According to MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $461.17.

CrowdStrike Trading Down 1.7%

Shares of NASDAQ:CRWD traded down $7.91 on Friday, hitting $446.66. 3,012,444 shares of the company's stock were exchanged, compared to its average volume of 2,504,503. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98. The stock has a market capitalization of $111.33 billion, a price-to-earnings ratio of -647.33 and a beta of 1.13. The business's 50 day simple moving average is $479.51 and its two-hundred day simple moving average is $422.47. 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 released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The firm 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%. The firm's quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. 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.