Vontobel Holding Ltd. Trims Holdings in CrowdStrike (NASDAQ:CRWD)

Vontobel Holding Ltd. cut its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 28.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,970 shares of the company's stock after selling 21,925 shares during the quarter. Vontobel Holding Ltd.'s holdings in CrowdStrike were worth $19,734,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. FSA Wealth Management LLC boosted its position in CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares during the period. Tradewinds Capital Management LLC lifted its position in shares of CrowdStrike by 20.8% during 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. Dorsey & Whitney Trust CO LLC grew its position in shares of CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after purchasing an additional 27 shares in the last quarter. Wintrust Investments LLC raised its stake in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after purchasing an additional 29 shares during the period. Finally, Greenwich Wealth Management LLC raised its stake in shares of CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after purchasing an additional 30 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO George Kurtz sold 17,525 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $477.62, for a total value of $8,370,290.50. Following the completion of the sale, the chief executive officer directly owned 2,175,154 shares of the company's stock, valued at $1,038,897,053.48. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 11,527 shares of CrowdStrike stock in a transaction that occurred 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 completion of the transaction, the president 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. In the last three months, insiders sold 245,821 shares of company stock worth $112,370,959. 3.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CRWD. Cantor Fitzgerald boosted their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Morgan Stanley upped their price target on shares of CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Raymond James Financial reissued an "outperform" rating and set a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Roth Capital upped their target price on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Evercore ISI reiterated an "in-line" rating and set a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $453.88.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded up $4.03 during mid-day trading on Wednesday, reaching $496.10. 2,110,349 shares of the company traded hands, compared to its average volume of 4,768,208. The company's 50 day moving average price is $457.49 and its 200-day moving average price is $403.42. The firm has a market cap of $123.65 billion, a PE ratio of -718.99 and a beta of 1.16. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $516.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

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, topping analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion during 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%. CrowdStrike's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, equities analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.