CrowdStrike (NASDAQ:CRWD) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 11.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 310,068 shares of the company's stock after selling 40,970 shares during the period. Envestnet Asset Management Inc. owned approximately 0.13% of CrowdStrike worth $109,324,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in 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 acquiring an additional 215 shares during the period. Primoris Wealth Advisors LLC acquired a new position in CrowdStrike in the fourth quarter valued at approximately $2,166,000. OLD National Bancorp IN acquired a new position in CrowdStrike in the first quarter valued at approximately $248,000. Bessemer Group Inc. lifted its holdings in 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 during the period. Finally, Financial Engines Advisors L.L.C. acquired a new position in CrowdStrike in the fourth quarter valued at approximately $284,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Down 1.8%

CRWD traded down $8.66 during mid-day trading on Friday, hitting $478.45. 3,377,761 shares of the stock were exchanged, compared to its average volume of 4,771,281. The firm's fifty day moving average is $470.20 and its two-hundred day moving average is $410.72. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. 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 company has a market cap of $119.25 billion, a PE ratio of -693.41 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, topping 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 quarter in the prior year, the company earned $0.93 EPS. CrowdStrike's revenue was up 19.8% on a year-over-year basis. Equities analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price target on CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Stifel Nicolaus upped their target price on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Rosenblatt Securities upped their target price on CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Raymond James Financial reaffirmed an "outperform" rating and set a $485.00 target price (up from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Evercore ISI reaffirmed an "in-line" rating and set a $440.00 target price (down from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $456.29.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the sale, the chief executive officer owned 2,192,610 shares of the company's stock, valued at $981,280,679.40. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 16,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the sale, the chief financial officer directly owned 249,653 shares in the company, valued at $109,068,402.64. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,821 shares of company stock worth $118,672,681 in the last quarter. 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.