Paragon Advisors LLC Decreases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Paragon Advisors LLC lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,560 shares of the company's stock after selling 1,174 shares during the period. Paragon Advisors LLC's holdings in CrowdStrike were worth $2,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. grew its stake in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after acquiring an additional 73 shares during the period. Crowley Wealth Management Inc. bought a new stake in CrowdStrike in the 4th quarter worth approximately $34,000. Millstone Evans Group LLC purchased a new stake in CrowdStrike during the 4th quarter valued at $34,000. ST Germain D J Co. Inc. lifted its holdings in CrowdStrike by 426.3% in the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after acquiring an additional 81 shares during the period. Finally, Bellwether Advisors LLC bought a new position in shares of CrowdStrike in the 4th quarter worth approximately $37,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CRWD shares. Raymond James reiterated an "outperform" rating and set a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. KeyCorp reduced their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Robert W. Baird decreased their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group upped their target price on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average target price of $453.17.

CrowdStrike Stock Performance

CrowdStrike stock traded up $3.26 during mid-day trading on Tuesday, reaching $467.65. 2,469,644 shares of the company traded hands, compared to its average volume of 5,094,239. The firm's fifty day moving average is $417.04 and its two-hundred day moving average is $389.15. The company has a market capitalization of $115.92 billion, a price-to-earnings ratio of 916.98, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating 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 net margin of 3.39% and a return on equity of 7.11%. The business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. On average, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the sale, the chief executive officer now directly owns 2,192,610 shares of the company's stock, valued at $981,280,679.40. This trade represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares in the company, valued at approximately $31,669,042. This represents a 4.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 211,681 shares of company stock valued at $87,081,236 in the last ninety days. Insiders own 3.32% of the company's stock.

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.