CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 24.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,778 shares of the company's stock after selling 7,860 shares during the period. Integrated Advisors Network LLC's holdings in CrowdStrike were worth $8,384,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CRWD. FPC Investment Advisory Inc. boosted its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares during the period. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the 4th quarter valued at $34,000. Millstone Evans Group LLC acquired a new position in CrowdStrike during the 4th quarter worth about $34,000. ST Germain D J Co. Inc. boosted its holdings in CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after acquiring an additional 81 shares during the period. Finally, Bellwether Advisors LLC acquired a new position in CrowdStrike in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Price Performance

CrowdStrike stock traded up $9.82 during midday trading on Thursday, reaching $486.80. The company's stock had a trading volume of 1,892,005 shares, compared to its average volume of 5,023,531. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The firm has a market capitalization of $120.66 billion, a PE ratio of 954.53, a P/E/G ratio of 17.86 and a beta of 1.16. The stock's 50 day simple moving average is $422.55 and its 200 day simple moving average is $390.29.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CRWD shares. Susquehanna increased their price target on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research report on Wednesday, June 4th. Scotiabank increased their target price on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Piper Sandler boosted their price target on shares of CrowdStrike from $400.00 to $505.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Finally, Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Thursday, June 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $453.17.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,496 shares of the 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 in the company, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 252,361 shares of company stock worth $106,359,058 over the last three months. 3.32% of the stock is owned by insiders.

CrowdStrike 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.