Nikko Asset Management Americas Inc. Sells 12,592 Shares of CrowdStrike (NASDAQ:CRWD)

Key Points

• Nikko Asset Management Americas Inc. has reduced its holdings in CrowdStrike by 5.1%, selling 12,592 shares and owning 235,689 shares total, accounting for about 1.1% of its portfolio.
• Recent insider sales at CrowdStrike included CEO George Kurtz selling 55,556 shares worth approximately $24.86 million, reducing his holdings by 2.47%.
• Analysts have set a consensus price target of $461.17 for CrowdStrike, with a majority rating it as a "Moderate Buy".

Nikko Asset Management Americas Inc. trimmed its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 235,689 shares of the company's stock after selling 12,592 shares during the quarter. CrowdStrike comprises approximately 1.1% of Nikko Asset Management Americas Inc.'s portfolio, making the stock its 26th biggest position. Nikko Asset Management Americas Inc. owned about 0.10% of CrowdStrike worth $83,062,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FSA Wealth Management LLC boosted its position in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares during the last quarter. Tradewinds Capital Management LLC boosted its position in CrowdStrike by 20.8% in the first 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. Close Asset Management Ltd boosted its position in CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after purchasing an additional 25 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position in 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 purchasing an additional 26 shares during the last quarter. Finally, Stratos Investment Management LLC boosted its position in CrowdStrike by 0.9% in the first quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock worth $1,129,000 after purchasing an additional 27 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 16,000 shares of the company'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 completion of the sale, the chief financial officer owned 249,653 shares of the company's stock, valued at $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. Insiders have sold 241,820 shares of company stock worth $113,297,985 over the last quarter. 3.32% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Susquehanna lifted their price objective on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research report on Wednesday, June 4th. Raymond James Financial reaffirmed an "outperform" rating and set a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Needham & Company LLC lifted their price objective on CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Stifel Nicolaus lifted their price objective on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $495.00 price objective (up from $490.00) on shares of CrowdStrike in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $461.17.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $467.92 on Friday. The company has a market cap of $116.63 billion, a P/E ratio of -678.14 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The business's 50 day moving average price is $477.89 and its 200-day moving average price is $418.70. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. Sell-side analysts predict that CrowdStrike will post 0.55 earnings per share 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.

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