Exchange Traded Concepts LLC reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 86.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 537 shares of the company's stock after selling 3,391 shares during the period. Exchange Traded Concepts LLC's holdings in CrowdStrike were worth $122,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Toth Financial Advisory Corp boosted its stake in shares of CrowdStrike by 9.9% in the 1st quarter. Toth Financial Advisory Corp now owns 973 shares of the company's stock valued at $221,000 after purchasing an additional 88 shares in the last quarter. United Capital Management of KS Inc. raised its holdings in CrowdStrike by 4.1% in the 1st quarter. United Capital Management of KS Inc. now owns 27,782 shares of the company's stock valued at $6,309,000 after buying an additional 1,105 shares during the last quarter. Tandem Capital Management Corp ADV bought a new position in CrowdStrike in the 1st quarter valued at approximately $222,000. Lee Johnson Capital Management LLC bought a new position in CrowdStrike in the 1st quarter valued at approximately $1,417,000. Finally, Sugarloaf Wealth Management LLC raised its holdings in CrowdStrike by 38.5% in the 1st quarter. Sugarloaf Wealth Management LLC now owns 367 shares of the company's stock valued at $83,000 after buying an additional 102 shares during the last quarter. 63.02% of the stock is currently owned by institutional investors and hedge funds.
Get CrowdStrike alerts:Wall Street Analyst Weigh In
A number of brokerages recently issued reports on CRWD. Jefferies Financial Group raised their price objective on shares of CrowdStrike from $200.00 to $215.00 in a report on Friday, June 3rd. Cowen lowered their price target on shares of CrowdStrike to $220.00 in a report on Friday, June 3rd. Morgan Stanley upgraded shares of CrowdStrike from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $195.00 to $215.00 in a report on Monday, June 6th. Piper Sandler lowered their price target on shares of CrowdStrike from $250.00 to $230.00 and set an "overweight" rating for the company in a report on Friday, June 3rd. Finally, Robert W. Baird raised their price target on shares of CrowdStrike from $225.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, April 8th. Twenty-seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CrowdStrike has an average rating of "Buy" and a consensus target price of $251.38.
Insiders Place Their Bets
In other CrowdStrike news, insider Shawn Henry sold 20,839 shares of CrowdStrike stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $228.02, for a total transaction of $4,751,708.78. Following the transaction, the insider now directly owns 191,046 shares of the company's stock, valued at approximately $43,562,308.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Shawn Henry sold 20,839 shares of CrowdStrike stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $228.02, for a total transaction of $4,751,708.78. Following the sale, the insider now directly owns 191,046 shares in the company, valued at approximately $43,562,308.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 71,528 shares of CrowdStrike stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $165.35, for a total value of $11,827,154.80. Following the sale, the chief executive officer now owns 958,309 shares in the company, valued at $158,456,393.15. The disclosure for this sale can be found here. Insiders have sold 112,518 shares of company stock valued at $19,906,556 in the last three months. 6.82% of the stock is currently owned by insiders.CrowdStrike Price Performance
CRWD opened at $177.90 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $41.29 billion, a price-to-earnings ratio of -225.19 and a beta of 1.32. The firm's fifty day moving average price is $165.08 and its two-hundred day moving average price is $183.98. CrowdStrike Holdings, Inc. has a 1 year low of $130.00 and a 1 year high of $298.48.
CrowdStrike (NASDAQ:CRWD – Get Rating) last posted its quarterly earnings data on Thursday, June 2nd. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.06. The firm had revenue of $487.83 million for the quarter, compared to the consensus estimate of $464.35 million. CrowdStrike had a negative net margin of 11.08% and a negative return on equity of 14.50%. The business's revenue for the quarter was up 61.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.14) EPS. As a group, analysts anticipate that CrowdStrike Holdings, Inc. will post -0.62 earnings per share for the current fiscal year.
CrowdStrike Profile
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CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.
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