CrowdStrike (NASDAQ:CRWD) Shares Sold by Y.D. More Investments Ltd

Key Points

• Y.D. More Investments Ltd has reduced its stake in CrowdStrike by 22.2%, now holding 13,257 shares valued at approximately $4.9 million, indicating a significant change in institutional investment.
• CrowdStrike reported earnings of $0.73 per share, beating estimates and showing a 19.8% increase in revenue year-over-year despite a net margin of -4.17%.
• Several analysts have upgraded CrowdStrike's price target recently, with Jefferies Financial Group raising it to $530.00, while maintaining a dominant rating of "Moderate Buy" across the board.

Y.D. More Investments Ltd reduced its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 22.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,257 shares of the company's stock after selling 3,784 shares during the quarter. Y.D. More Investments Ltd's holdings in CrowdStrike were worth $4,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in CrowdStrike by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after buying an additional 908,554 shares during the last quarter. Jennison Associates LLC grew its stake in CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after buying an additional 1,144,295 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in CrowdStrike by 39.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock worth $939,747,000 after buying an additional 760,222 shares during the last quarter. Northern Trust Corp grew its stake in CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after purchasing an additional 324,136 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in CrowdStrike by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,938,331 shares of the company's stock valued at $663,221,000 after purchasing an additional 206,159 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded down $0.51 during midday trading on Friday, hitting $424.49. The company had a trading volume of 3,626,057 shares, compared to its average volume of 2,718,355. CrowdStrike has a twelve month low of $235.60 and a twelve month high of $517.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $105.80 billion, a price-to-earnings ratio of -615.20 and a beta of 1.13. The business's 50-day simple moving average is $477.04 and its 200-day simple moving average is $425.50.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly 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. 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 during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business's revenue for the quarter was up 19.8% on a year-over-year basis. On average, research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on CRWD. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Scotiabank boosted their price target on CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Evercore ISI reiterated 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. Canaccord Genuity Group reiterated a "hold" rating and set a $475.00 price target (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, UBS Group reiterated a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $461.17.

Insider Activity at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the sale, the chief financial officer owned 231,130 shares of the company's stock, valued at $105,272,781.10. This trade represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on 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 sale, the director directly owned 774,761 shares of the company's stock, valued at approximately $346,387,895.49. This trade represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,414 shares of company stock valued at $101,484,738 over the last 90 days. Corporate insiders own 3.32% of the company's stock.

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.