Fortis Group Advisors LLC Sells 6,840 Shares of CrowdStrike (NASDAQ:CRWD)

Fortis Group Advisors LLC decreased its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 56.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,220 shares of the company's stock after selling 6,840 shares during the period. Fortis Group Advisors LLC's holdings in CrowdStrike were worth $1,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CRWD. Cloud Capital Management LLC acquired a new stake in CrowdStrike in the first quarter worth $25,000. Atlantic Edge Private Wealth Management LLC grew its position in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after acquiring an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after acquiring an additional 38 shares during the period. Finally, Crowley Wealth Management Inc. bought a new stake in CrowdStrike in the 4th quarter valued at about $34,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other CrowdStrike news, Director Denis Oleary sold 15,680 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the completion of the sale, the director directly owned 36,906 shares in the company, valued at $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the transaction, the director directly owned 18,858 shares of the company's stock, valued at $9,385,060.86. This represents a 44.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 255,294 shares of company stock valued at $118,670,500. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Up 1.3%

Shares of CRWD traded up $6.13 during trading hours on Friday, reaching $475.96. The company's stock had a trading volume of 2,901,063 shares, compared to its average volume of 4,756,175. The firm has a market cap of $118.63 billion, a price-to-earnings ratio of -689.80 and a beta of 1.16. 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 company has a 50 day moving average of $474.54 and a two-hundred day moving average of $414.78. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business's quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. As a group, research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on CRWD shares. Mizuho raised their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. BMO Capital Markets raised their target price on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. UBS Group reiterated a "buy" rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Finally, Macquarie started coverage on shares of CrowdStrike in a research note on Thursday. They set a "neutral" rating and a $465.00 price objective on the stock. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $460.93.

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.