Retirement Planning Group LLC Reduces Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Retirement Planning Group LLC trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,416 shares of the company’s stock after selling 171 shares during the period. Retirement Planning Group LLC’s holdings in CrowdStrike were worth $1,204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock worth $2,670,000 after buying an additional 2,417 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of CrowdStrike by 12.2% during the fourth quarter. DAVENPORT & Co LLC now owns 2,668 shares of the company’s stock valued at $913,000 after purchasing an additional 291 shares during the period. Stock Yards Bank & Trust Co. bought a new position in shares of CrowdStrike in the fourth quarter worth about $242,000. Trust Point Inc. purchased a new position in CrowdStrike in the 4th quarter worth about $455,000. Finally, Mather Group LLC. increased its stake in CrowdStrike by 32.5% in the 4th quarter. Mather Group LLC. now owns 657 shares of the company’s stock worth $225,000 after buying an additional 161 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on CRWD. JMP Securities restated a “market outperform” rating and issued a $500.00 target price on shares of CrowdStrike in a research note on Wednesday. Citigroup reissued an “outperform” rating on shares of CrowdStrike in a research note on Monday, May 5th. Stephens lifted their target price on CrowdStrike from $450.00 to $540.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America reiterated a “neutral” rating and issued a $470.00 target price (up from $420.00) on shares of CrowdStrike in a report on Wednesday. Finally, KeyCorp lowered their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $449.38.

CrowdStrike Trading Down 5.8%

CrowdStrike stock opened at $460.56 on Thursday. The stock has a 50-day moving average price of $410.85 and a 200 day moving average price of $386.40. The company has a market capitalization of $114.16 billion, a price-to-earnings ratio of 903.08, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $491.20. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 55,556 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. This trade represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the transaction, the director now directly owns 768,092 shares of the company’s stock, valued at $248,984,702.72. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 211,681 shares of company stock worth $87,081,236. Corporate insiders own 3.32% 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.