CrowdStrike (NASDAQ:CRWD) is Robocap Asset Management Ltd's 9th Largest Position

Robocap Asset Management Ltd cut its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 24.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,956 shares of the company's stock after selling 5,569 shares during the period. CrowdStrike comprises approximately 4.5% of Robocap Asset Management Ltd's portfolio, making the stock its 9th biggest holding. Robocap Asset Management Ltd's holdings in CrowdStrike were worth $5,979,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after purchasing an additional 2,417 shares during the last quarter. Assetmark Inc. lifted its stake in CrowdStrike by 69.5% in the fourth quarter. Assetmark Inc. now owns 522 shares of the company's stock valued at $179,000 after purchasing an additional 214 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in CrowdStrike in the fourth quarter valued at approximately $254,000. Machina Capital S.A.S. purchased a new position in CrowdStrike in the fourth quarter valued at approximately $304,000. Finally, PNC Financial Services Group Inc. lifted its stake in CrowdStrike by 17.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 89,766 shares of the company's stock valued at $30,714,000 after purchasing an additional 13,188 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

CRWD traded down $8.66 during trading on Friday, reaching $478.45. The stock had a trading volume of 3,377,761 shares, compared to its average volume of 4,771,280. The stock has a market cap of $119.25 billion, a PE ratio of -693.41 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. CrowdStrike has a one year low of $200.81 and a one year high of $517.98. The business has a 50-day moving average of $470.20 and a 200-day moving average of $410.72.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $1.11 billion. During the same period last year, the firm earned $0.93 earnings per share. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research analyst reports. Oppenheimer upped their price objective on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Piper Sandler downgraded CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price objective on the stock. in a research note on Monday. Royal Bank Of Canada upped their price objective on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Cantor Fitzgerald increased their target price on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Finally, Sanford C. Bernstein downgraded CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price on the stock. in a research report on Friday, June 6th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $456.29.

Insider Activity

In other news, CFO Burt W. Podbere sold 16,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the transaction, the chief financial officer directly owned 249,653 shares of the company's stock, valued at approximately $109,068,402.64. This trade represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the stock in a transaction dated 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 sale, the director owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 255,821 shares of company stock valued at $118,672,681. Company 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.