CrowdStrike (NASDAQ:CRWD) Stock Position Reduced by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC trimmed its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 30.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,115 shares of the company's stock after selling 2,191 shares during the quarter. Fairvoy Private Wealth LLC's holdings in CrowdStrike were worth $1,803,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Primoris Wealth Advisors LLC acquired a new stake in CrowdStrike in the 4th quarter worth about $2,166,000. OLD National Bancorp IN purchased a new position in shares of CrowdStrike in the 1st quarter worth about $248,000. Arcadia Investment Management Corp MI lifted its stake in shares of CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after purchasing an additional 2,814 shares in the last quarter. Trifecta Capital Advisors LLC grew its holdings in shares of CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after purchasing an additional 8,561 shares during the period. Finally, Delta Financial Group Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter worth about $336,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Piper Sandler raised their target price on shares of CrowdStrike from $400.00 to $505.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target for the company. in a research report on Friday, June 6th. Royal Bank Of Canada increased their price target on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Scotiabank boosted their price objective on CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $453.17.

CrowdStrike Price Performance

Shares of CRWD traded down $6.87 during mid-day trading on Wednesday, hitting $485.16. The company's stock had a trading volume of 2,823,859 shares, compared to its average volume of 5,003,216. 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 firm has a 50-day moving average price of $434.17 and a 200 day moving average price of $394.15. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $493.22. The stock has a market capitalization of $120.93 billion, a price-to-earnings ratio of -703.13 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly 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. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 earnings per share. On average, research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 5,096 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.43, for a total value of $1,826,559.28. Following the completion of the sale, the insider now owns 84,618 shares in the company, valued at $30,329,629.74. This represents a 5.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 257,861 shares of company stock valued at $109,595,558 over the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Company Profile

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.