CrowdStrike (NASDAQ:CRWD) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lowered its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,524 shares of the company's stock after selling 3,206 shares during the period. Stephens Investment Management Group LLC's holdings in CrowdStrike were worth $11,467,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike during the first quarter worth $25,000. Atlantic Edge Private Wealth Management LLC grew its position in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after buying an additional 38 shares during the period. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,768 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total value of $869,449.36. Following the transaction, the chief accounting officer directly owned 41,251 shares in the company, valued at approximately $20,286,004.27. This represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Michael Sentonas sold 11,527 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $5,431,522.40. Following the sale, the president directly owned 410,677 shares of the company's stock, valued at approximately $193,511,002.40. This trade represents a 2.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 253,221 shares of company stock worth $117,687,463. 3.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on CRWD. Jefferies Financial Group raised their target price on CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Roth Capital lifted their target price on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Needham & Company LLC increased their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Stephens raised their price target on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada upped their price objective on shares of CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus target price of $456.40.

CrowdStrike Trading Down 0.5%

NASDAQ:CRWD traded down $2.27 during trading hours on Monday, hitting $476.18. The company had a trading volume of 3,331,990 shares, compared to its average volume of 3,914,461. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $470.20 and a 200 day moving average of $411.35. The company has a market cap of $118.69 billion, a P/E ratio of -690.12 and a beta of 1.16.

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 negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. Sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

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.