CrowdStrike (NASDAQ:CRWD) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lowered its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 7.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,004 shares of the company's stock after selling 646 shares during the quarter. Kingsview Wealth Management LLC's holdings in CrowdStrike were worth $2,822,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cloud Capital Management LLC acquired a new position in CrowdStrike during the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC boosted its stake in CrowdStrike by 114.3% during the 1st 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. boosted its stake in CrowdStrike by 305.3% during the 1st 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 boosted its stake in CrowdStrike by 77.6% during 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 last quarter. Finally, Crowley Wealth Management Inc. bought a new position in CrowdStrike during the 4th quarter worth approximately $34,000. Institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of CRWD traded up $6.13 during mid-day trading on Friday, hitting $475.96. 2,901,063 shares of the stock were exchanged, compared to its average volume of 4,606,016. The company has a market cap of $118.63 billion, a PE ratio of -689.80 and a beta of 1.16. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. The firm has a 50-day moving average of $474.54 and a two-hundred day moving average of $415.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS. On average, equities analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRWD. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Sanford C. Bernstein cut CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price on the stock. in a report on Friday, June 6th. Wells Fargo & Company raised their target price on CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Scotiabank lifted their target price on CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Finally, Cantor Fitzgerald lifted their price target on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $460.93.

Insider Buying and Selling at CrowdStrike

In related news, Director Roxanne S. Austin sold 15,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the sale, the director owned 18,858 shares of the company's stock, valued at $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the sale, the chief executive officer directly owned 2,192,610 shares in the company, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,294 shares of company stock worth $118,670,500. Insiders own 3.32% of the company's stock.

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.