Western Financial Corp CA Sells 807 Shares of CrowdStrike (NASDAQ:CRWD)

Western Financial Corp CA lessened its stake in shares of CrowdStrike (NASDAQ:CRWD) by 20.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,180 shares of the company’s stock after selling 807 shares during the period. Western Financial Corp CA’s holdings in CrowdStrike were worth $1,121,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CRWD. Blue Trust Inc. increased its holdings in CrowdStrike by 20.4% in the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company’s stock worth $447,000 after purchasing an additional 215 shares in the last quarter. Primoris Wealth Advisors LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth about $2,166,000. OLD National Bancorp IN bought a new position in CrowdStrike in the 1st quarter valued at approximately $248,000. Y Intercept Hong Kong Ltd acquired a new stake in CrowdStrike during the 4th quarter worth approximately $649,000. Finally, Metis Global Partners LLC boosted its position in CrowdStrike by 19.4% during the 4th quarter. Metis Global Partners LLC now owns 8,811 shares of the company’s stock worth $3,015,000 after buying an additional 1,433 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CRWD shares. Raymond James Financial reaffirmed an “outperform” rating and set a $485.00 price target (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Sanford C. Bernstein lowered shares of CrowdStrike from an “outperform” rating to a “market perform” rating and set a $371.00 target price on the stock. in a report on Friday, June 6th. Robert W. Baird decreased their price target on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Rosenblatt Securities boosted their price objective on CrowdStrike from $450.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, June 2nd. Finally, Evercore ISI restated an “in-line” rating and set a $440.00 target price (down previously from $450.00) on shares of CrowdStrike 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 issued a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $453.88.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $494.09 on Thursday. The firm has a market capitalization of $123.15 billion, a P/E ratio of -716.07 and a beta of 1.16. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $447.02 and its two-hundred day simple moving average is $399.20. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $500.41.

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

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of CrowdStrike 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 transaction, the chief executive officer now directly owns 2,192,610 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction 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 in the company, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 240,821 shares of company stock valued at $108,501,609. 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.