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

Y.D. More Investments Ltd reduced its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 22.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC increased its stake in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the period. Vision Financial Markets LLC acquired a new stake in CrowdStrike during the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in CrowdStrike in the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $451.69 on Thursday. The stock's 50-day moving average price is $478.55 and its 200 day moving average price is $424.30. 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 stock has a market capitalization of $112.58 billion, a PE ratio of -654.62 and a beta of 1.13. CrowdStrike has a 52-week low of $229.72 and a 52-week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $0.93 EPS. The company's revenue was up 19.8% on a year-over-year basis. As a group, equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling

In other news, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director directly owned 18,858 shares in the company, valued at $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael Sentonas sold 25,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president directly owned 422,204 shares of the company's stock, valued at $201,391,308. This represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of recent research reports. Jefferies Financial Group upped their price objective on CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Canaccord Genuity Group reissued a "hold" rating and set a $475.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Evercore ISI reaffirmed an "in-line" rating and issued a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Rosenblatt Securities lifted their price objective on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. Finally, Stifel Nicolaus boosted their price objective on CrowdStrike from $480.00 to $495.00 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 issued a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $461.17.

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.

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