Vestcor Inc Decreases Holdings in CrowdStrike (NASDAQ:CRWD)

Key Points

• Vestcor Inc reduced its holdings in CrowdStrike (CRWD) by 5.4% during Q1, now owning 12,541 shares valued at approximately $4.42 million after selling 712 shares.
• Several hedge funds acquired stakes or increased their investments in CrowdStrike, with institutional investors collectively owning 71.16% of the company's stock.
• CrowdStrike reported a quarterly EPS of $0.73, exceeding analyst expectations, while also posting a 19.8% year-over-year revenue increase.

Vestcor Inc lowered its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 5.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,541 shares of the company's stock after selling 712 shares during the period. Vestcor Inc's holdings in CrowdStrike were worth $4,422,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CRWD. FSA Wealth Management LLC lifted its position in shares of CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after acquiring an additional 23 shares during the period. Tradewinds Capital Management LLC boosted its holdings in CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after acquiring an additional 25 shares in the last quarter. Close Asset Management Ltd lifted its holdings in shares of CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after purchasing an additional 25 shares in the last quarter. Ramirez Asset Management Inc. lifted its holdings in CrowdStrike by 5.9% during the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after acquiring an additional 25 shares during the period. Finally, Stratos Wealth Advisors LLC lifted its holdings in CrowdStrike by 0.9% during the first quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock worth $1,052,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Ratings Changes

CRWD has been the subject of several recent research reports. Stifel Nicolaus lifted their price target on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Cfra reaffirmed a "hold" rating and set a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. Piper Sandler downgraded CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price target on the stock. in a research note on Monday, July 7th. Barclays set a $500.00 price objective on CrowdStrike in a research report on Tuesday, June 3rd. Finally, Sanford C. Bernstein cut CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective on the stock. in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

Insider Activity

In other news, Director Roxanne S. Austin sold 15,000 shares of the company'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 transaction, the director owned 18,858 shares of the company's stock, valued at $9,385,060.86. This represents a 44.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the sale, the president owned 422,204 shares in the company, valued at $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 235,570 shares of company stock valued at $110,581,672. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Down 1.7%

NASDAQ CRWD traded down $7.91 during trading hours on Friday, reaching $446.66. 3,012,444 shares of the company's stock were exchanged, compared to its average volume of 2,504,503. The company has a market capitalization of $111.33 billion, a price-to-earnings ratio of -647.33 and a beta of 1.13. CrowdStrike has a one year low of $200.81 and a one year high of $517.98. The company's 50-day moving average is $479.51 and its two-hundred day moving average is $422.89. 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 (NASDAQ:CRWD - Get Free Report) last released 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. 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 analysts' expectations of $1.11 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. On average, analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.