CrowdStrike (NASDAQ:CRWD) Shares Sold by Western Financial Corp CA

Western Financial Corp CA decreased its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 20.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,180 shares of the company's stock after selling 807 shares during the quarter. Western Financial Corp CA's holdings in CrowdStrike were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Pure Financial Advisors LLC lifted its position in CrowdStrike by 38.1% during the first quarter. Pure Financial Advisors LLC now owns 924 shares of the company's stock valued at $326,000 after purchasing an additional 255 shares during the last quarter. Aspetuck Financial Management LLC bought a new position in shares of CrowdStrike in the 1st quarter valued at about $396,000. Perigon Wealth Management LLC lifted its holdings in shares of CrowdStrike by 7.2% in the 1st quarter. Perigon Wealth Management LLC now owns 8,697 shares of the company's stock valued at $3,066,000 after acquiring an additional 581 shares during the last quarter. TigerOak Management L.L.C. grew its position in CrowdStrike by 17.6% in the first quarter. TigerOak Management L.L.C. now owns 902 shares of the company's stock worth $318,000 after acquiring an additional 135 shares in the last quarter. Finally, Tyche Wealth Partners LLC increased its stake in CrowdStrike by 31.7% during the first quarter. Tyche Wealth Partners LLC now owns 4,130 shares of the company's stock worth $1,456,000 after acquiring an additional 993 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CRWD shares. Evercore ISI reiterated an "in-line" rating and issued a $440.00 target price (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Piper Sandler raised their price target on CrowdStrike from $400.00 to $505.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Stephens lifted their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Raymond James Financial reissued an "outperform" rating and issued a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Bank of America restated a "neutral" rating and issued a $470.00 target price (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $453.88.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer now owns 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael Sentonas sold 25,000 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president now owns 422,204 shares of the company's stock, valued at approximately $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. Insiders sold 240,821 shares of company stock valued at $108,501,609 in the last quarter. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Down 1.2%

CRWD traded down $5.89 on Friday, hitting $499.33. The company had a trading volume of 3,464,614 shares, compared to its average volume of 4,797,111. The stock has a market capitalization of $124.46 billion, a price-to-earnings ratio of -723.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a fifty day moving average price of $452.08 and a 200-day moving average price of $401.30. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $508.04.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate 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 previous year, the business posted $0.93 EPS. CrowdStrike's revenue was up 19.8% on a year-over-year basis. Analysts predict 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.