Paragon Advisors LLC Has $2.67 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Paragon Advisors LLC cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,560 shares of the company’s stock after selling 1,174 shares during the period. Paragon Advisors LLC’s holdings in CrowdStrike were worth $2,666,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. increased its holdings in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the fourth quarter worth $34,000. Millstone Evans Group LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth $34,000. ST Germain D J Co. Inc. increased its holdings in shares of CrowdStrike by 426.3% during the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock worth $35,000 after buying an additional 81 shares in the last quarter. Finally, Bellwether Advisors LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth $37,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several research analyst reports. Barclays set a $500.00 price target on shares of CrowdStrike in a report on Tuesday, June 3rd. The Goldman Sachs Group reissued a “buy” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. UBS Group reissued a “buy” rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Truist Financial reissued a “buy” rating and issued a $500.00 price objective (up previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Piper Sandler boosted their price objective on shares of CrowdStrike from $400.00 to $505.00 and gave the stock an “overweight” rating in a research note 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $450.43.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 55,556 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the transaction, the chief executive officer now directly owns 2,192,610 shares of the company’s stock, valued at $981,280,679.40. This represents a 2.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares of the company’s stock, valued at $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 211,681 shares of company stock worth $87,081,236. Insiders own 3.32% of the company’s stock.

CrowdStrike Trading Down 0.9%

NASDAQ:CRWD opened at $464.39 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $115.11 billion, a price-to-earnings ratio of 910.59, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $491.20. The firm has a 50-day moving average price of $417.04 and a two-hundred day moving average price of $389.15.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. On average, equities analysts expect 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.