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

Key Points

• Scotia Capital Inc. reduced its stake in CrowdStrike by 7.3% during the first quarter, bringing its holdings to 52,318 shares valued at approximately $18.4 million.
• Insider sales were notable, with Director Johanna Flower selling 2,073 shares for around $983,000, and others also decreasing their positions significantly.
• CrowdStrike's stock is currently trading around $446.66, with a market cap of $111.33 billion and a recent EPS of $0.73 that exceeded analysts' estimates.

Scotia Capital Inc. trimmed its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 7.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,318 shares of the company's stock after selling 4,142 shares during the quarter. Scotia Capital Inc.'s holdings in CrowdStrike were worth $18,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cloud Capital Management LLC acquired a new position in CrowdStrike in the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC grew its position in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after acquiring an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Neo Ivy Capital Management acquired a new position in CrowdStrike in the 1st quarter valued at about $30,000. Finally, Sound Income Strategies LLC grew its position in CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Johanna Flower sold 2,073 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the sale, the director owned 81,383 shares of the company's stock, valued at approximately $38,592,632.43. The trade was a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,768 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total value of $869,449.36. Following the completion of the sale, the chief accounting officer directly owned 41,251 shares in the company, valued at $20,286,004.27. This represents a 4.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,014 shares of company stock worth $74,238,060. 3.32% of the stock is currently owned by insiders.

CrowdStrike Price Performance

CRWD stock opened at $446.66 on Monday. 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 has a 52-week low of $200.81 and a 52-week high of $517.98. The stock's 50 day moving average is $479.51 and its two-hundred day moving average is $423.31. The company has a market capitalization of $111.33 billion, a PE ratio of -647.33 and a beta of 1.13.

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

Wall Street Analyst Weigh In

CRWD has been the subject of a number of analyst reports. Stephens boosted their price objective on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Macquarie initiated coverage on CrowdStrike in a research report on Thursday, July 17th. They set a "neutral" rating and a $465.00 price objective for the company. Cfra reissued a "hold" rating and set a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. JMP Securities reissued a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Needham & Company LLC boosted their price objective on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating 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 assigned a buy rating to the stock. According to MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $461.17.

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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