Florida Financial Advisors LLC Sells 211 Shares of CrowdStrike (NASDAQ:CRWD)

Florida Financial Advisors LLC cut its position in shares of CrowdStrike (NASDAQ:CRWD) by 21.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 761 shares of the company’s stock after selling 211 shares during the quarter. Florida Financial Advisors LLC’s holdings in CrowdStrike were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of CrowdStrike during the 4th quarter valued at about $1,111,542,000. GAMMA Investing LLC increased its position in CrowdStrike by 50,536.2% during the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock valued at $383,132,000 after buying an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC boosted its stake in shares of CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after buying an additional 1,017,678 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company’s stock valued at $657,106,000 after acquiring an additional 582,471 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in CrowdStrike by 2,586.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company’s stock valued at $143,055,000 after purchasing an additional 402,531 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,768 shares of the business’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total transaction of $869,449.36. Following the completion of the sale, the chief accounting officer owned 41,251 shares in the company, valued at approximately $20,286,004.27. The trade was a 4.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the transaction, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 253,221 shares of company stock worth $117,687,463 over the last ninety days. 3.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CRWD. DA Davidson lifted their price objective on CrowdStrike from $415.00 to $530.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Rosenblatt Securities upped their price objective on CrowdStrike from $450.00 to $515.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Truist Financial restated a “buy” rating and issued a $500.00 price target (up previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. UBS Group reissued a “buy” rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Finally, Roth Capital boosted their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $456.40.

CrowdStrike Price Performance

CRWD stock opened at $476.18 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98. The firm has a market cap of $118.69 billion, a P/E ratio of -690.12 and a beta of 1.16. The company’s 50-day moving average price is $470.85 and its two-hundred day moving average price is $412.20.

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

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.