CrowdStrike (NASDAQ:CRWD) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,766 shares of the company's stock after selling 3,670 shares during the period. Primecap Management Co. CA owned approximately 0.05% of CrowdStrike worth $44,695,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC increased its holdings in shares of 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. Tradewinds Capital Management LLC increased its holdings in CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after buying an additional 25 shares in the last quarter. Close Asset Management Ltd lifted its position in shares of CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after acquiring an additional 25 shares during the period. Ramirez Asset Management Inc. boosted its stake in shares of CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after acquiring an additional 25 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its holdings in shares of CrowdStrike by 0.9% in the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock worth $1,052,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Trading Up 2.3%

NASDAQ:CRWD opened at $451.69 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm's 50 day moving average is $478.55 and its 200 day moving average is $424.30. CrowdStrike has a 12 month low of $229.72 and a 12 month high of $517.98. The stock has a market capitalization of $112.58 billion, a PE ratio of -654.62 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The company 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%. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. Sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $447.09, for a total value of $2,794,312.50. Following the completion of the transaction, the director directly owned 774,761 shares in the company, valued at approximately $346,387,895.49. This represents a 0.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the transaction, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 214,414 shares of company stock worth $101,484,738 in the last ninety days. Insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of research analyst reports. Evercore ISI reaffirmed an "in-line" rating and set a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. DA Davidson boosted their price target on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wedbush raised their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Finally, Cfra reissued a "hold" rating and set a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $461.17.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.