Fiduciary Alliance LLC Sells 598 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fiduciary Alliance LLC lowered its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 11.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,611 shares of the company's stock after selling 598 shares during the quarter. Fiduciary Alliance LLC's holdings in CrowdStrike were worth $1,626,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FPC Investment Advisory Inc. lifted its stake in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in CrowdStrike during the fourth quarter valued at about $34,000. Millstone Evans Group LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth about $34,000. Bellwether Advisors LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth about $37,000. Finally, WealthTrak Capital Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth about $39,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRWD has been the subject of several analyst reports. JMP Securities restated a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a report on Wednesday. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a report on Tuesday. Jefferies Financial Group raised their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, BTIG Research reissued a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $449.38.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm'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 sale, the director now owns 768,092 shares of the company's stock, valued at $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 55,556 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the transaction, the chief executive officer now owns 2,192,610 shares in the company, valued at $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 195,431 shares of company stock valued at $79,162,548. Insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

CrowdStrike stock traded down $28.20 during mid-day trading on Wednesday, hitting $460.56. 15,420,133 shares of the company were exchanged, compared to its average volume of 5,168,066. The company has a market capitalization of $114.16 billion, a PE ratio of 903.08, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The business has a fifty day moving average of $408.78 and a 200 day moving average of $385.89. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $491.20. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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 analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

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.