CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,178 shares of the company’s stock after selling 154 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in CrowdStrike were worth $1,121,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. raised its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike in the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC acquired a new position in shares of CrowdStrike in the fourth quarter valued at approximately $34,000. ST Germain D J Co. Inc. boosted its stake in shares of 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 buying an additional 81 shares in the last quarter. Finally, Bellwether Advisors LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $37,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael Sentonas sold 13,543 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares in the company, valued at $145,351,554.96. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 252,361 shares of company stock worth $106,359,058 over the last 90 days. Corporate insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CRWD. KeyCorp decreased their target price on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Royal Bank of Canada upped their target price on CrowdStrike from $500.00 to $510.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Robert W. Baird dropped their price target on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Jefferies Financial Group upped their target price on CrowdStrike from $410.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, Stephens upped their target price on CrowdStrike from $450.00 to $540.00 and gave the stock an “overweight” rating 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. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $453.17.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $480.62 on Friday. The company has a market cap of $119.13 billion, a PE ratio of 942.41, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $428.81 and a 200-day moving average price of $392.22. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $491.20.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results 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 return on equity of 7.11% and a net margin of 3.39%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.93 earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. Equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 earnings per share 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.