Meridian Financial Partners LLC Has $1.60 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Meridian Financial Partners LLC decreased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 42.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,358 shares of the company’s stock after selling 4,032 shares during the quarter. CrowdStrike accounts for about 2.0% of Meridian Financial Partners LLC’s investment portfolio, making the stock its 12th largest holding. Meridian Financial Partners LLC’s holdings in CrowdStrike were worth $1,603,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Griffin Asset Management Inc. boosted its position in shares of CrowdStrike by 3.3% in the 1st quarter. Griffin Asset Management Inc. now owns 5,465 shares of the company’s stock valued at $1,752,000 after purchasing an additional 174 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in CrowdStrike by 83.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,620 shares of the company’s stock worth $1,161,000 after acquiring an additional 1,647 shares in the last quarter. MCF Advisors LLC purchased a new stake in CrowdStrike in the 1st quarter worth about $32,000. Webster Bank N. A. lifted its stake in CrowdStrike by 2,030.0% in the 1st quarter. Webster Bank N. A. now owns 639 shares of the company’s stock worth $205,000 after acquiring an additional 609 shares in the last quarter. Finally, KRS Capital Management LLC lifted its stake in CrowdStrike by 4.2% in the 1st quarter. KRS Capital Management LLC now owns 3,805 shares of the company’s stock worth $1,220,000 after acquiring an additional 155 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $4.10 during trading on Friday, hitting $383.19. 8,480,459 shares of the stock were exchanged, compared to its average volume of 8,199,314. CrowdStrike Holdings, Inc. has a 1-year low of $139.37 and a 1-year high of $394.64. The company has a market capitalization of $93.25 billion, a price-to-earnings ratio of 723.01, a price-to-earnings-growth ratio of 19.52 and a beta of 1.08. The company’s fifty day simple moving average is $341.55 and its 200-day simple moving average is $313.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The firm had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Burt W. Podbere sold 64,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $316.48, for a total value of $20,254,720.00. Following the transaction, the chief financial officer now owns 306,508 shares of the company’s stock, valued at approximately $97,003,651.84. The disclosure for this sale can be found here. Insiders sold 283,675 shares of company stock worth $95,985,272 in the last 90 days. 4.34% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on CRWD. Scotiabank reduced their price objective on CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating for the company in a research note on Wednesday, June 5th. TD Cowen raised their price target on CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Susquehanna raised their price target on CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research note on Thursday, March 7th. Wells Fargo & Company raised their price target on CrowdStrike from $315.00 to $380.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Tuesday, May 14th. One analyst has rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $380.62.

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.