CrowdStrike (NASDAQ:CRWD) Stock Position Decreased by Naviter Wealth LLC

Naviter Wealth LLC cut its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 27.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,974 shares of the company's stock after selling 733 shares during the quarter. Naviter Wealth LLC's holdings in CrowdStrike were worth $705,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FSA Wealth Management LLC lifted its holdings in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after purchasing an additional 23 shares in the last quarter. Jacobi Capital Management LLC raised its holdings in shares of CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after acquiring an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC raised its holdings in shares of CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after acquiring an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its holdings in shares of CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after acquiring an additional 30 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $499.33 on Monday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $506.35. The firm has a 50 day moving average of $452.08 and a 200-day moving average of $401.81. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $124.46 billion, a P/E ratio of -723.67 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. CrowdStrike's quarterly revenue was up 19.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the transaction, the director now owns 768,092 shares in the company, valued at $248,984,702.72. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the completion of the transaction, the director now owns 18,858 shares of the company's stock, valued at $9,385,060.86. This trade represents a 44.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 255,821 shares of company stock worth $115,966,659. Insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CRWD. Piper Sandler raised their target price on CrowdStrike from $400.00 to $505.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Mizuho raised their target price on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Wedbush raised their target price on CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. BMO Capital Markets raised their target price on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Truist Financial reiterated a "buy" rating and issued a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the company's stock. According to MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus 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.

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