SlateStone Wealth LLC Sells 1,280 Shares of CrowdStrike (NASDAQ:CRWD)

Key Points

• SlateStone Wealth LLC reduced its stake in CrowdStrike by 18.8% in Q1, holding shares valued at approximately $1.95 million post-sale.
• Despite reporting earnings of $0.73 EPS which exceeded expectations, CrowdStrike's revenue of $1.10 billion fell short of analyst forecasts.
• Analysts have a consensus rating of "Moderate Buy" for CrowdStrike, with price targets ranging from $465 to $550.

SlateStone Wealth LLC lessened its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 18.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,541 shares of the company's stock after selling 1,280 shares during the quarter. SlateStone Wealth LLC's holdings in CrowdStrike were worth $1,954,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CRWD. Brighton Jones LLC boosted its holdings in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after buying an additional 2,417 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of CrowdStrike by 70.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 9,798 shares of the company's stock valued at $3,353,000 after buying an additional 4,044 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of CrowdStrike by 200.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 763 shares of the company's stock valued at $261,000 after buying an additional 509 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $68,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of CrowdStrike by 15.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 20,056 shares of the company's stock valued at $6,862,000 after buying an additional 2,702 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the business'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 transaction, the chief executive officer directly owned 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. The trade was a 2.47% 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 Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the transaction, the director directly owned 18,858 shares in the company, valued at approximately $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 235,570 shares of company stock valued at $110,581,672. 3.32% of the stock is owned by insiders.

CrowdStrike Trading Down 1.9%

Shares of CrowdStrike stock traded down $8.58 during midday trading on Thursday, reaching $454.57. The company had a trading volume of 2,821,958 shares, compared to its average volume of 2,495,562. The stock has a fifty day moving average price of $479.69 and a 200 day moving average price of $421.79. 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 $113.30 billion, a PE ratio of -658.80 and a beta of 1.16. 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 posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $0.93 earnings per share. On average, equities analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRWD. Wells Fargo & Company raised their price target on CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Rosenblatt Securities raised their price target on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a report on Monday, June 2nd. Truist Financial reaffirmed a "buy" rating and set a $500.00 price target (up previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Finally, Needham & Company LLC raised their price target on CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $461.17.

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.