Nisa Investment Advisors LLC Sells 14,088 Shares of CrowdStrike (NASDAQ:CRWD)

Nisa Investment Advisors LLC cut its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 27.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,363 shares of the company's stock after selling 14,088 shares during the period. Nisa Investment Advisors LLC's holdings in CrowdStrike were worth $12,821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Rehmann Capital Advisory Group increased its holdings in CrowdStrike by 3.2% in the first quarter. Rehmann Capital Advisory Group now owns 2,337 shares of the company's stock worth $824,000 after purchasing an additional 73 shares in the last quarter. Dogwood Wealth Management LLC increased its stake in shares of CrowdStrike by 23.6% in the 1st quarter. Dogwood Wealth Management LLC now owns 152 shares of the company's stock valued at $54,000 after acquiring an additional 29 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of CrowdStrike by 4.3% during the 1st quarter. Arcadia Investment Management Corp MI now owns 12,465 shares of the company's stock valued at $4,395,000 after acquiring an additional 511 shares during the period. Principal Securities Inc. lifted its position in shares of CrowdStrike by 2.4% during the 1st quarter. Principal Securities Inc. now owns 12,648 shares of the company's stock valued at $4,328,000 after acquiring an additional 300 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its stake in CrowdStrike by 5.3% during the first quarter. Linden Thomas Advisory Services LLC now owns 6,958 shares of the company's stock worth $2,453,000 after acquiring an additional 353 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CrowdStrike

In related news, Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the completion of the sale, the director owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This trade represents a 29.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer owned 249,653 shares in the company, 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 253,221 shares of company stock valued at $117,687,463 in the last quarter. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

CrowdStrike stock traded down $2.27 during mid-day trading on Monday, reaching $476.18. The company's stock had a trading volume of 3,330,418 shares, compared to its average volume of 3,914,392. The company has a market capitalization of $118.69 billion, a P/E ratio of -690.12 and a beta of 1.16. The firm's fifty day moving average price is $470.20 and its two-hundred day moving average price is $411.35. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. Sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of research analyst reports. Stephens increased their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Rosenblatt Securities boosted their price objective on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a report on Monday, June 2nd. Royal Bank Of Canada upped their target price on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Citigroup restated an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Finally, Morgan Stanley restated an "equal weight" rating and set a $495.00 price objective (up previously from $490.00) on shares of CrowdStrike in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $456.40.

About CrowdStrike

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.