Greystone Financial Group LLC Lowers Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Greystone Financial Group LLC cut its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 6.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,765 shares of the company's stock after selling 1,405 shares during the period. Greystone Financial Group LLC's holdings in CrowdStrike were worth $6,969,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FSA Wealth Management LLC increased its position in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after buying an additional 23 shares in the last quarter. Jacobi Capital Management LLC increased its holdings in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after acquiring an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC raised its position in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after acquiring an additional 29 shares during the period. Finally, Greenwich Wealth Management LLC lifted its holdings in CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $484.59, for a total transaction of $3,028,687.50. Following the sale, the director now directly owns 755,592 shares in the company, valued at $366,152,327.28. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 211,681 shares of company stock valued at $87,081,236 over the last three months. 3.32% of the stock is owned by insiders.

CrowdStrike Stock Performance

Shares of CRWD opened at $468.41 on Monday. The firm has a market cap of $116.11 billion, a P/E ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $491.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm's 50 day moving average price is $415.18 and its two-hundred day moving average price is $388.50.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The firm's revenue was up 19.8% on a year-over-year basis. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CRWD has been the subject of several research analyst reports. Barclays set a $500.00 price target on shares of CrowdStrike in a research report on Tuesday, June 3rd. Piper Sandler increased their target price on CrowdStrike from $400.00 to $505.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research report on Thursday. Bank of America reiterated a "neutral" rating and set a $470.00 price target (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $450.43.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.