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Mackenzie Financial Corp Sells 19,628 Shares of CrowdStrike (NASDAQ:CRWD)

CrowdStrike logo with Computer and Technology background

Key Points

  • Mackenzie Financial Corp reduced its stake in CrowdStrike by 32.6%, selling 19,628 shares, leaving it with 40,598 shares valued at approximately $14.3 million.
  • Several hedge funds have adjusted their positions in CrowdStrike, with notable increases from firms like Sheaff Brock Investment Advisors (up 36.8%) and Abbot Financial Management (up 7.0%).
  • CrowdStrike's recent earnings report revealed an EPS of $0.73, beating estimates, with a 19.8% year-over-year revenue growth, although it reported a negative net margin of 4.17%.
  • Interested in CrowdStrike? Here are five stocks we like better.

Mackenzie Financial Corp reduced its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 32.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,598 shares of the company's stock after selling 19,628 shares during the quarter. Mackenzie Financial Corp's holdings in CrowdStrike were worth $14,314,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FSA Wealth Management LLC grew its holdings in shares of CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after acquiring an additional 23 shares during the last quarter. Tradewinds Capital Management LLC grew its holdings in shares of CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after acquiring an additional 25 shares during the last quarter. Close Asset Management Ltd grew its holdings in shares of CrowdStrike by 23.8% in the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after acquiring an additional 25 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of CrowdStrike by 0.9% in the first quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock worth $1,052,000 after buying an additional 26 shares during the period. Finally, Stratos Investment Management LLC lifted its stake in CrowdStrike by 0.9% in the 1st quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock worth $1,129,000 after acquiring an additional 27 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRWD has been the subject of several research analyst reports. Barclays set a $500.00 price objective on CrowdStrike in a research note on Tuesday, June 3rd. Macquarie started coverage on CrowdStrike in a research note on Thursday, July 17th. They issued a "neutral" rating and a $465.00 price objective for the company. DZ Bank lowered CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price on the stock. in a research report on Thursday, May 22nd. Piper Sandler lowered CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 target price on the stock. in a research report on Monday, July 7th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $485.00 target price (up from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $461.17.

Check Out Our Latest Stock Analysis on CRWD

CrowdStrike Stock Down 1.7%

Shares of NASDAQ CRWD traded down $7.91 during mid-day trading on Friday, hitting $446.66. The company had a trading volume of 3,012,444 shares, compared to its average volume of 2,504,503. CrowdStrike has a one year low of $200.81 and a one year high of $517.98. The company has a market capitalization of $111.33 billion, a PE ratio of 11,166.50 and a beta of 1.13. The firm has a 50-day simple moving average of $479.51 and a two-hundred day simple moving average of $422.47. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

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

Insider Activity

In other news, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Sentonas sold 11,527 shares of CrowdStrike stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total transaction of $5,431,522.40. Following the completion of the sale, the president owned 410,677 shares of the company's stock, valued at approximately $193,511,002.40. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 235,570 shares of company stock valued at $110,581,672. Company insiders own 3.32% of the company's stock.

CrowdStrike Company Profile

(Free Report)

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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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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