Reliant Investment Management LLC Lowers Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Reliant Investment Management LLC decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,283 shares of the company’s stock after selling 603 shares during the period. CrowdStrike comprises approximately 3.8% of Reliant Investment Management LLC’s portfolio, making the stock its 2nd biggest holding. Reliant Investment Management LLC’s holdings in CrowdStrike were worth $8,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CRWD. CVA Family Office LLC bought a new stake in CrowdStrike during the 4th quarter valued at $26,000. Hexagon Capital Partners LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $26,000. Future Financial Wealth Managment LLC purchased a new stake in CrowdStrike during the 1st quarter worth about $32,000. Bear Mountain Capital Inc. bought a new position in CrowdStrike in the 4th quarter worth about $27,000. Finally, Riverview Trust Co purchased a new position in CrowdStrike during the 1st quarter valued at about $36,000. 71.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CRWD shares. Needham & Company LLC reissued a “buy” rating and issued a $425.00 price target on shares of CrowdStrike in a report on Wednesday, June 5th. Wedbush lowered their target price on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Scotiabank reduced their price target on shares of CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating for the company in a research report on Wednesday, June 5th. Canaccord Genuity Group increased their price objective on CrowdStrike from $400.00 to $405.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Finally, UBS Group boosted their target price on CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. One research 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. According to MarketBeat, CrowdStrike presently has an average rating of “Buy” and a consensus target price of $380.62.

Insider Activity

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at $7,136,012.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were 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 of the company’s stock, valued at $7,136,012.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders sold a total of 283,675 shares of company stock worth $95,985,272 in the last quarter. 4.34% of the stock is owned by company insiders.

CrowdStrike Trading Down 1.1 %

CrowdStrike stock traded down $4.10 during mid-day trading on Friday, reaching $383.19. 8,480,459 shares of the company traded hands, compared to its average volume of 8,199,314. The firm’s 50 day moving average price is $341.55 and its 200 day moving average price is $313.47. CrowdStrike Holdings, Inc. has a 52-week low of $139.37 and a 52-week high of $394.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $93.25 billion, a price-to-earnings ratio of 723.01, a P/E/G ratio of 19.52 and a beta of 1.08.

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

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.