CrowdStrike (NASDAQ:CRWD) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 6.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 150,896 shares of the company's stock after selling 9,922 shares during the period. Truist Financial Corp owned approximately 0.06% of CrowdStrike worth $53,203,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Strategic Blueprint LLC boosted its holdings in CrowdStrike by 19.7% in the 1st quarter. Strategic Blueprint LLC now owns 2,981 shares of the company's stock worth $1,051,000 after buying an additional 490 shares during the last quarter. Brookstone Capital Management boosted its holdings in CrowdStrike by 3.9% in the 1st quarter. Brookstone Capital Management now owns 71,676 shares of the company's stock worth $25,272,000 after buying an additional 2,705 shares during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in CrowdStrike by 4,430.6% in the 1st quarter. Catalyst Capital Advisors LLC now owns 8,155 shares of the company's stock worth $2,875,000 after buying an additional 7,975 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in CrowdStrike by 12.5% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 8,326 shares of the company's stock worth $2,936,000 after buying an additional 926 shares during the last quarter. Finally, Huntleigh Advisors Inc. boosted its holdings in CrowdStrike by 16.6% in the 1st quarter. Huntleigh Advisors Inc. now owns 4,975 shares of the company's stock worth $1,754,000 after buying an additional 710 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 3.6%

Shares of CrowdStrike stock traded up $17.67 during trading hours on Friday, reaching $513.77. 2,654,026 shares of the company were exchanged, compared to its average volume of 4,790,634. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98. The stock's fifty day moving average is $463.46 and its 200 day moving average is $406.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $128.06 billion, a PE ratio of -744.59 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS 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 positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike'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 company posted $0.93 earnings per share. As a group, equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, CFO Burt W. Podbere sold 16,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the transaction, the chief financial officer owned 249,653 shares of the company's stock, valued at $109,068,402.64. This represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the transaction, the director directly owned 36,906 shares in the company, valued at $17,306,330.58. This trade represents a 29.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 249,571 shares of company stock valued at $115,469,993 over the last ninety days. Company insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CRWD. Royal Bank Of Canada lifted their price objective on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Stephens boosted their target price on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. JMP Securities restated a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a report on Wednesday, June 4th. DZ Bank cut CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price on the stock. in a report on Thursday, May 22nd. Finally, DA Davidson boosted their target price on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $453.88.

About CrowdStrike

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.