Stephens Inc. AR Sells 3,191 Shares of CrowdStrike (NASDAQ:CRWD)

Stephens Inc. AR lowered its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 12.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 23,342 shares of the company's stock after selling 3,191 shares during the period. Stephens Inc. AR's holdings in CrowdStrike were worth $8,230,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of CrowdStrike by 20.4% in the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after purchasing an additional 215 shares during the period. Primoris Wealth Advisors LLC acquired a new position in shares of CrowdStrike in the fourth quarter worth $2,166,000. OLD National Bancorp IN purchased a new stake in shares of CrowdStrike during the first quarter worth $248,000. Bessemer Group Inc. raised its stake in shares of CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after acquiring an additional 98 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. purchased a new position in CrowdStrike in the fourth quarter valued at $284,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In other news, Director Denis Oleary sold 15,680 shares of the stock in a transaction 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 sale, the director owned 36,906 shares in the company, valued at approximately $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 55,556 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the transaction, the chief executive officer owned 2,192,610 shares in the company, valued at $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 253,221 shares of company stock valued at $117,687,463. 3.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CRWD. Wedbush upped their price target on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Stephens lifted their price target on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Barclays set a $500.00 price target on shares of CrowdStrike in a report on Tuesday, June 3rd. Needham & Company LLC lifted their price objective on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus price target of $456.40.

CrowdStrike Stock Performance

CRWD stock traded down $2.27 during mid-day trading on Monday, reaching $476.18. 3,331,990 shares of the stock traded hands, compared to its average volume of 3,914,461. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $118.69 billion, a PE ratio of -690.12 and a beta of 1.16. The business has a 50-day moving average of $470.20 and a two-hundred day moving average of $411.35.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results 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 analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The company's quarterly revenue was up 19.8% compared to the same quarter last year. As a group, equities analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.