U.S. Capital Wealth Advisors LLC Sells 2,722 Shares of CrowdStrike (NASDAQ:CRWD)

U.S. Capital Wealth Advisors LLC trimmed its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 15.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,195 shares of the company's stock after selling 2,722 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in CrowdStrike were worth $5,357,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after buying an additional 342,294 shares during the period. Geode Capital Management LLC grew its stake in shares of CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank bought a new stake in shares of CrowdStrike in the fourth quarter worth about $1,111,542,000. Northern Trust Corp lifted its holdings in CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after buying an additional 324,136 shares during the period. Finally, FMR LLC lifted its holdings in CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after buying an additional 287,960 shares during the period. 71.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

CRWD has been the subject of a number of recent analyst reports. Evercore ISI restated an "in-line" rating and issued a $440.00 price objective (down from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Jefferies Financial Group boosted their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. JMP Securities restated a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a report on Wednesday, June 4th. Royal Bank Of Canada lifted their target price 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. Finally, Rosenblatt Securities lifted their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $456.29.

CrowdStrike Price Performance

CrowdStrike stock traded down $8.66 during midday trading on Friday, hitting $478.45. The company's stock had a trading volume of 3,377,761 shares, compared to its average volume of 4,771,280. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock's 50-day moving average price is $470.20 and its 200-day moving average price is $410.72. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98. The company has a market capitalization of $119.25 billion, a PE ratio of -693.41 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.93 EPS. Analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the sale, the director owned 18,858 shares of the company's stock, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Denis Oleary sold 15,680 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the sale, the director directly owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. The trade was a 29.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,821 shares of company stock worth $118,672,681 over the last ninety days. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike 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.