TIAA Trust National Association Trims Stock Holdings in CrowdStrike (NASDAQ:CRWD)

TIAA Trust National Association decreased its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 32.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,621 shares of the company's stock after selling 30,941 shares during the period. TIAA Trust National Association's holdings in CrowdStrike were worth $23,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWD. Signature Wealth Management Partners LLC grew its position in CrowdStrike by 21.1% during the 1st quarter. Signature Wealth Management Partners LLC now owns 3,684 shares of the company's stock worth $1,299,000 after purchasing an additional 643 shares during the period. Baker Avenue Asset Management LP acquired a new stake in CrowdStrike during the 1st quarter worth about $279,000. US Bancorp DE grew its position in CrowdStrike by 5.9% during the 1st quarter. US Bancorp DE now owns 82,583 shares of the company's stock worth $29,117,000 after purchasing an additional 4,613 shares during the period. King Wealth Management Group grew its position in CrowdStrike by 4.2% during the 1st quarter. King Wealth Management Group now owns 10,569 shares of the company's stock worth $3,726,000 after purchasing an additional 425 shares during the period. Finally, Intrinsic Value Partners LLC acquired a new stake in CrowdStrike during the 1st quarter worth about $249,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CRWD. Bank of America reaffirmed a "neutral" rating and set a $470.00 price target (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Barclays set a $500.00 target price on CrowdStrike in a research report on Tuesday, June 3rd. Evercore ISI restated an "in-line" rating and set a $440.00 target price (down from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Canaccord Genuity Group restated a "hold" rating and set a $475.00 target price (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Citigroup restated an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. One 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $461.17.

CrowdStrike Trading Down 1.7%

CRWD opened at $446.66 on Friday. 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 company's 50 day simple moving average is $479.51 and its two-hundred day simple moving average is $422.89. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The firm has a market capitalization of $111.33 billion, a price-to-earnings ratio of -647.33 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share 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 analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business's revenue was up 19.8% on a year-over-year basis. During the same period last year, the company posted $0.93 EPS. Analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In other news, President Michael Sentonas sold 11,527 shares of CrowdStrike stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total transaction of $5,431,522.40. Following the sale, the president owned 410,677 shares of the company's stock, valued at approximately $193,511,002.40. The trade was a 2.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the sale, the director directly owned 781,011 shares in the company, valued at approximately $400,213,466.73. The trade was a 0.79% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 235,570 shares of company stock worth $110,581,672. 3.32% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike (NASDAQ:CRWD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.