Mizuho Securities USA LLC Lowers Stake in CrowdStrike (NASDAQ:CRWD)

Key Points

• Mizuho Securities USA LLC reduced its holdings in CrowdStrike by 10.6%, selling 2,334 shares during the first quarter, leaving them with 19,722 shares valued at approximately $6.95 million.
• Other institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their positions in CrowdStrike, with Vanguard raising its holdings by 4.1% and Goldman Sachs by 39.9% in the same period.
• Shares of CrowdStrike recently opened at $424.49, with analysts optimistic about its future performance, as several have raised their price targets, now ranging up to $530.

Mizuho Securities USA LLC reduced its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 10.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,722 shares of the company's stock after selling 2,334 shares during the quarter. Mizuho Securities USA LLC's holdings in CrowdStrike were worth $6,954,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in CrowdStrike during the 1st quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new stake in shares of CrowdStrike during the first quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in CrowdStrike in the 1st quarter valued at $30,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Johanna Flower sold 2,073 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the sale, the director directly owned 81,383 shares of the company's stock, valued at approximately $38,592,632.43. This trade represents a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the transaction, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on CRWD shares. Sanford C. Bernstein downgraded shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective for the company. in a research report on Friday, June 6th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Raymond James Financial restated an "outperform" rating and issued a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Finally, UBS Group reissued a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and an average price target of $461.17.

CrowdStrike Trading Down 0.1%

Shares of CrowdStrike stock traded down $0.51 during mid-day trading on Friday, hitting $424.49. 3,626,057 shares of the stock were exchanged, compared to its average volume of 2,730,743. The company has a 50-day simple moving average of $477.04 and a 200 day simple moving average of $425.84. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $105.80 billion, a price-to-earnings ratio of -615.20 and a beta of 1.13. CrowdStrike has a twelve month low of $235.60 and a twelve month high of $517.98.

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

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.