Lee Johnson Capital Management LLC Cuts Holdings in CrowdStrike (NASDAQ:CRWD)

Lee Johnson Capital Management LLC trimmed its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 23.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,623 shares of the company's stock after selling 3,178 shares during the quarter. CrowdStrike comprises about 2.0% of Lee Johnson Capital Management LLC's portfolio, making the stock its 17th biggest position. Lee Johnson Capital Management LLC's holdings in CrowdStrike were worth $3,745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after buying an additional 342,294 shares in the last quarter. Geode Capital Management LLC increased its position in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Norges Bank bought a new stake in CrowdStrike in the 4th quarter valued at about $1,111,542,000. Northern Trust Corp increased its position in CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after buying an additional 324,136 shares in the last quarter. Finally, FMR LLC increased its position in CrowdStrike by 15.0% in the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after buying an additional 287,960 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of CRWD stock traded up $2.25 on Tuesday, reaching $507.71. The company's stock had a trading volume of 2,141,225 shares, compared to its average volume of 4,774,022. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. The company has a market capitalization of $126.55 billion, a P/E ratio of -735.81 and a beta of 1.16. The stock's 50 day simple moving average is $465.11 and its 200-day simple moving average is $407.66.

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 analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion for 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 company's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. As a group, equities analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the transaction, the chief executive officer owned 2,192,610 shares in the company, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the sale, the president owned 422,204 shares in the company, valued at $201,391,308. The trade was a 5.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 249,571 shares of company stock worth $115,469,993 over the last 90 days. 3.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Rosenblatt Securities boosted their target price on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. BMO Capital Markets boosted their price objective on CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Piper Sandler lowered CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price objective for the company. in a report on Monday. Canaccord Genuity Group reissued a "hold" rating and set a $475.00 price objective (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Susquehanna upped their target price on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $453.88.

CrowdStrike Company 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.