CrowdStrike (NASDAQ:CRWD) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,138 shares of the company's stock after selling 559 shares during the period. M&T Bank Corp's holdings in CrowdStrike were worth $9,921,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Cloud Capital Management LLC bought a new stake in CrowdStrike in the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC boosted its position in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its holdings in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares during the last quarter. Sound Income Strategies LLC grew its holdings in CrowdStrike by 77.6% in 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 last quarter. Finally, Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 value of $24,863,532.24. Following the sale, 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 document filed with the SEC, which is accessible through this link. Also, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 249,653 shares in the company, valued at approximately $109,068,402.64. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,821 shares of company stock worth $118,672,681 in the last quarter. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group upped their target price on CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. DA Davidson lifted their price objective on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada lifted their price objective on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Cantor Fitzgerald boosted their price target on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Finally, Wedbush lifted their price objective on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $456.29.

CrowdStrike Stock Performance

NASDAQ:CRWD traded down $8.66 during midday trading on Friday, hitting $478.45. The company's stock had a trading volume of 3,377,761 shares, compared to its average volume of 4,771,281. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. The firm's 50 day moving average is $470.20 and its 200-day moving average is $410.72. 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 firm has a market cap of $119.25 billion, a P/E ratio of -693.41 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company earned $0.93 EPS. CrowdStrike's quarterly 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 fiscal year.

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.