Lbp Am Sa Sells 67,990 Shares of CrowdStrike (NASDAQ:CRWD)

LBP AM SA lessened its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 54.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,563 shares of the company's stock after selling 67,990 shares during the period. LBP AM SA's holdings in CrowdStrike were worth $19,943,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after purchasing an additional 342,294 shares during the period. 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 period. Norges Bank acquired a new position in CrowdStrike during the 4th quarter valued at about $1,111,542,000. Northern Trust Corp boosted its stake in CrowdStrike by 16.6% during the 4th 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 boosted its stake in CrowdStrike by 15.0% during the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after purchasing an additional 287,960 shares during the period. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Down 1.8%

CrowdStrike stock traded down $8.66 during trading hours on Friday, hitting $478.45. The company had a trading volume of 3,377,761 shares, compared to its average volume of 4,779,966. The firm has a market capitalization of $119.25 billion, a P/E ratio of -693.41 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 firm's fifty day moving average is $470.20 and its 200-day moving average is $411.03. 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 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 for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. On average, research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of analyst reports. Susquehanna boosted their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research note on Wednesday, June 4th. Barclays set a $500.00 target price on shares of CrowdStrike in a research note on Tuesday, June 3rd. Cantor Fitzgerald upped their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Rosenblatt Securities upped their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Finally, Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus price target of $456.29.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 255,821 shares of company stock worth $118,672,681. 3.32% of the stock is owned by company insiders.

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.