IRON Financial LLC Sells 743 Shares of CrowdStrike (NASDAQ:CRWD)

IRON Financial LLC lowered its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 26.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,109 shares of the company's stock after selling 743 shares during the period. IRON Financial LLC's holdings in CrowdStrike were worth $744,000 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 CRWD. Blue Trust Inc. increased its holdings in shares of CrowdStrike by 20.4% during the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after acquiring an additional 215 shares during the last quarter. Primoris Wealth Advisors LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $2,166,000. OLD National Bancorp IN acquired a new position in shares of CrowdStrike during the 1st quarter worth approximately $248,000. Metis Global Partners LLC increased its holdings in shares of CrowdStrike by 19.4% during the 4th quarter. Metis Global Partners LLC now owns 8,811 shares of the company's stock worth $3,015,000 after acquiring an additional 1,433 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $284,000. Institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on CRWD shares. Oppenheimer upped their price objective on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. DZ Bank lowered CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective on the stock. in a report on Thursday, May 22nd. Needham & Company LLC upped their price objective on CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $475.00 price objective (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Mizuho upped their price objective on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $453.88.

CrowdStrike Price Performance

CrowdStrike stock opened at $499.33 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $124.46 billion, a PE ratio of -723.67 and a beta of 1.16. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $506.35. The stock has a 50-day moving average price of $452.08 and a two-hundred day moving average price of $401.81.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. The firm 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 company earned $0.93 earnings per share. Analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other news, Director Roxanne S. Austin sold 15,000 shares of the 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 completion of the sale, the director now owns 18,858 shares of the company's stock, valued at approximately $9,385,060.86. This represents a 44.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated 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 directly owns 768,092 shares of the company's stock, valued at approximately $248,984,702.72. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 255,821 shares of company stock worth $115,966,659. 3.32% of the stock is currently 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.

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