CrowdStrike (NASDAQ:CRWD) Shares Sold by Park Place Capital Corp

Park Place Capital Corp decreased its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 74.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 319 shares of the company's stock after selling 949 shares during the quarter. Park Place Capital Corp's holdings in CrowdStrike were worth $112,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. boosted 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 worth $27,000 after purchasing an additional 58 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of CrowdStrike by 77.6% during the first 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. Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the fourth quarter worth $34,000. Millstone Evans Group LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $34,000. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of CrowdStrike by 426.3% during the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Down 1.2%

Shares of CrowdStrike stock opened at $499.33 on Friday. The business has a 50-day moving average price of $452.08 and a 200 day moving average price of $401.30. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $506.35. The firm has a market cap of $124.46 billion, a P/E ratio of -723.67 and a beta of 1.16. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. On average, sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,768 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the sale, the chief accounting officer now owns 41,251 shares in the company, valued at $20,286,004.27. This represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00. Following the completion of the transaction, the director now owns 62,891 shares of the company's stock, valued at approximately $22,613,716.87. The trade was a 13.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 255,821 shares of company stock worth $115,966,659 over the last quarter. 3.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on CRWD. Cantor Fitzgerald increased their target price on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Royal Bank Of Canada increased their target price on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Mizuho increased their target price on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. KeyCorp cut their target price on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Finally, Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $453.88.

CrowdStrike Company 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.

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