ICA Group Wealth Management LLC Reduces Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

ICA Group Wealth Management LLC trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 91.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 85 shares of the company’s stock after selling 902 shares during the period. ICA Group Wealth Management LLC’s holdings in CrowdStrike were worth $33,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Burney Co. purchased a new position in shares of CrowdStrike in the first quarter worth approximately $1,342,000. Principal Financial Group Inc. boosted its stake in shares of CrowdStrike by 429.2% during the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after acquiring an additional 242,052 shares during the last quarter. BNP Paribas purchased a new stake in shares of CrowdStrike in the 1st quarter worth $2,685,000. Swedbank AB purchased a new stake in shares of CrowdStrike in the 1st quarter worth $73,972,000. Finally, Coldstream Capital Management Inc. bought a new position in CrowdStrike in the 4th quarter worth $508,000. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Piper Sandler raised CrowdStrike from a “neutral” rating to an “overweight” rating and cut their price target for the company from $310.00 to $290.00 in a report on Tuesday, August 6th. JPMorgan Chase & Co. cut their price objective on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Susquehanna decreased their target price on shares of CrowdStrike from $410.00 to $310.00 and set a “positive” rating on the stock in a research note on Thursday, September 5th. Guggenheim lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, BTIG Research cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.16.

CrowdStrike Trading Up 3.3 %

CRWD opened at $267.81 on Tuesday. The stock’s 50 day moving average price is $273.68 and its 200-day moving average price is $313.28. The stock has a market cap of $65.17 billion, a price-to-earnings ratio of 505.30, a P/E/G ratio of 16.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a one year low of $157.59 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the sale, the president now owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the sale, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shawn Henry sold 5,504 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $2,094,987.52. Following the sale, the insider now owns 195,168 shares in the company, valued at approximately $74,286,795.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,719 shares of company stock worth $47,133,109. Corporate insiders own 4.34% of the company’s stock.

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.