First Pacific Financial Cuts Stock Position in CrowdStrike (NASDAQ:CRWD)

First Pacific Financial reduced its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 15.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,499 shares of the company's stock after selling 627 shares during the period. First Pacific Financial's holdings in CrowdStrike were worth $1,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Sound Income Strategies LLC lifted its position in CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. Crowley Wealth Management Inc. purchased a new position in CrowdStrike in the 4th quarter worth approximately $34,000. Millstone Evans Group LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $34,000. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,768 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total value of $869,449.36. Following the transaction, the chief accounting officer now directly owns 41,251 shares of the company's stock, valued at approximately $20,286,004.27. The trade was a 4.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the transaction, the director now directly owns 768,092 shares in the company, valued at $248,984,702.72. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 240,821 shares of company stock valued at $108,501,609 over the last three months. Corporate insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of research reports. Jefferies Financial Group raised their price target on CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Susquehanna increased their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a report on Wednesday, June 4th. Stephens lifted their target price on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Barclays set a $500.00 price target on shares of CrowdStrike in a research report on Tuesday, June 3rd. Finally, Wedbush increased 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. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $453.88.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $11.13 during mid-day trading on Thursday, hitting $505.22. 3,013,758 shares of the company traded hands, compared to its average volume of 4,797,942. 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's fifty day moving average price is $447.02 and its 200-day moving average price is $399.20. The firm has a market cap of $125.93 billion, a price-to-earnings ratio of 12,352.25 and a beta of 1.16. CrowdStrike has a one year low of $200.81 and a one year high of $506.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released 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 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 analyst estimates of $1.11 billion. During the same period in the prior year, the firm posted $0.93 EPS. The firm's quarterly revenue was up 19.8% compared to the same quarter last year. Research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.