CrowdStrike (NASDAQ:CRWD) Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its position in shares of CrowdStrike (NASDAQ:CRWD) by 12.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,342 shares of the company’s stock after selling 3,191 shares during the period. Stephens Inc. AR’s holdings in CrowdStrike were worth $8,230,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CRWD. Brighton Jones LLC grew its holdings in CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in CrowdStrike during the 4th quarter valued at $254,000. AGF Management Ltd. acquired a new stake in CrowdStrike during the 4th quarter valued at $410,000. Great Lakes Advisors LLC grew its holdings in CrowdStrike by 48.6% during the 4th quarter. Great Lakes Advisors LLC now owns 1,964 shares of the company’s stock valued at $672,000 after purchasing an additional 642 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in CrowdStrike by 19.4% during the 4th quarter. Natixis Advisors LLC now owns 47,504 shares of the company’s stock valued at $16,254,000 after purchasing an additional 7,706 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on CRWD. Piper Sandler downgraded shares of CrowdStrike from an “overweight” rating to a “neutral” rating and set a $505.00 price objective on the stock. in a research note on Monday, July 7th. UBS Group reiterated a “buy” rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Cfra reiterated a “hold” rating and set a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a research note on Thursday. Stifel Nicolaus increased their price objective on shares of CrowdStrike from $480.00 to $495.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Finally, DZ Bank downgraded shares of CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 price objective on the stock. in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $456.29.

CrowdStrike Stock Down 1.8%

CrowdStrike stock opened at $478.45 on Monday. The stock has a market cap of $119.25 billion, a price-to-earnings ratio of -693.41 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $470.20 and its two-hundred day moving average price is $411.35. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. CrowdStrike’s quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. On average, analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Burt W. Podbere sold 16,000 shares of CrowdStrike stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.88, for a total value of $6,990,080.00. Following the transaction, the chief financial officer owned 249,653 shares of the company’s stock, valued at $109,068,402.64. The trade was a 6.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the transaction, the president directly owned 422,204 shares in the company, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,221 shares of company stock worth $117,687,463. 3.32% of the stock is owned by insiders.

CrowdStrike Company 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.