CrowdStrike (NASDAQ:CRWD) Shares Sold by Miller Financial Services LLC

Miller Financial Services LLC lessened its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 38.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,732 shares of the company's stock after selling 1,700 shares during the quarter. CrowdStrike makes up about 1.4% of Miller Financial Services LLC's holdings, making the stock its 20th largest position. Miller Financial Services LLC's holdings in CrowdStrike were worth $963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CRWD. FSA Wealth Management LLC boosted 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 valued at $78,000 after purchasing an additional 23 shares in the last quarter. Tradewinds Capital Management LLC raised its position in CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after purchasing an additional 25 shares during the last quarter. Stratos Wealth Advisors LLC raised its position in CrowdStrike by 0.9% during the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock worth $1,052,000 after purchasing an additional 26 shares during the last quarter. Stratos Investment Management LLC raised its position in shares of 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. Finally, American Financial Advisors LLC raised its position in shares of CrowdStrike by 2.9% in the 1st quarter. American Financial Advisors LLC now owns 1,008 shares of the company's stock worth $355,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Insiders Place Their Bets

In related news, Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the transaction, the director owned 36,906 shares in the company, valued at $17,306,330.58. The trade was a 29.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 16,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the transaction, the chief financial officer owned 249,653 shares of the company's stock, valued at approximately $109,068,402.64. This represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 252,320 shares of company stock worth $117,592,485. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Stock Down 2.1%

Shares of CrowdStrike stock traded down $10.35 on Tuesday, reaching $471.23. The company's stock had a trading volume of 1,970,432 shares, compared to its average volume of 4,590,780. The company has a market capitalization of $117.45 billion, a price-to-earnings ratio of -682.94 and a beta of 1.16. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm's fifty day simple moving average is $474.54 and its two-hundred day simple moving average is $415.76.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 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 during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The firm's revenue was up 19.8% on a year-over-year basis. Equities analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CRWD shares. UBS Group reiterated a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Royal Bank Of Canada upped their price target on shares of CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Truist Financial reiterated a "buy" rating and issued a $500.00 target price (up from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Bank of America reiterated a "neutral" rating and issued a $470.00 target price (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Evercore ISI restated an "in-line" rating and set a $440.00 price target (down from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $460.93.

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.