MFA Wealth Advisors LLC Sells 1,530 Shares of CrowdStrike (NASDAQ:CRWD)

MFA Wealth Advisors LLC trimmed its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 11.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,039 shares of the company's stock after selling 1,530 shares during the period. CrowdStrike comprises approximately 1.1% of MFA Wealth Advisors LLC's investment portfolio, making the stock its 23rd biggest position. MFA Wealth Advisors LLC's holdings in CrowdStrike were worth $4,245,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares during the last quarter. Sound Income Strategies LLC grew its holdings 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 period. Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike in the 4th quarter worth about $34,000. Millstone Evans Group LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at about $34,000. Finally, ST Germain D J Co. Inc. grew its stake in CrowdStrike by 426.3% during the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after purchasing an additional 81 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $6.87 during trading on Thursday, hitting $485.16. 2,825,785 shares of the company were exchanged, compared to its average volume of 5,006,881. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $493.20. The stock has a 50 day moving average of $438.65 and a 200 day moving average of $395.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market cap of $120.93 billion, a PE ratio of -703.13 and a beta of 1.16.

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

Insider Buying and Selling

In other news, insider Shawn Henry sold 5,096 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.43, for a total transaction of $1,826,559.28. Following the sale, the insider now owns 84,618 shares in the company, valued at approximately $30,329,629.74. This trade represents a 5.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. The trade was a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 257,861 shares of company stock worth $109,595,558. Corporate insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CRWD shares. Jefferies Financial Group increased their price target on CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wells Fargo & Company raised their price target on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Rosenblatt Securities increased their price objective on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Susquehanna raised their target price on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research note on Wednesday, June 4th. Finally, Piper Sandler upped their price target on CrowdStrike from $400.00 to $505.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $453.17.

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.