CrowdStrike (NASDAQ:CRWD) Shares Sold by World Investment Advisors

World Investment Advisors lessened its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,040 shares of the company's stock after selling 601 shares during the quarter. World Investment Advisors' holdings in CrowdStrike were worth $1,424,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. boosted its position in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the period. Sound Income Strategies LLC grew its stake in shares of CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the 4th quarter worth about $34,000. Millstone Evans Group LLC purchased a new position in CrowdStrike in the fourth quarter valued at approximately $34,000. Finally, ST Germain D J Co. Inc. lifted its position in CrowdStrike by 426.3% in the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Activity

In other news, CFO Burt W. Podbere sold 16,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the transaction, the chief financial officer directly owned 249,653 shares of the company's stock, valued at approximately $109,068,402.64. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the completion of the transaction, the director directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 249,571 shares of company stock worth $115,469,993 in the last ninety days. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Trading Up 0.4%

Shares of CRWD stock traded up $2.25 on Tuesday, reaching $507.71. 2,141,126 shares of the stock were exchanged, compared to its average volume of 4,774,018. 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 has a market cap of $126.55 billion, a P/E ratio of -735.81 and a beta of 1.16. The firm has a 50 day moving average of $465.11 and a two-hundred day moving average of $407.66. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98.

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 positive return on equity of 0.43% and a negative net margin of 4.17%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $0.93 EPS. The company's quarterly revenue was up 19.8% compared to the same quarter last year. On average, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Morgan Stanley boosted their price objective on CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Truist Financial reaffirmed a "buy" rating and issued a $500.00 target price (up from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Wells Fargo & Company raised their price target on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Finally, DA Davidson lifted their target price on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $453.88.

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.