CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by InTrack Investment Management Inc

InTrack Investment Management Inc decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 48.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,154 shares of the company’s stock after selling 2,036 shares during the quarter. InTrack Investment Management Inc’s holdings in CrowdStrike were worth $691,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Michigan Retirement System raised its stake in shares of CrowdStrike by 0.3% during the first quarter. State of Michigan Retirement System now owns 233,643 shares of the company’s stock valued at $74,904,000 after purchasing an additional 643 shares in the last quarter. Park Place Capital Corp raised its stake in shares of CrowdStrike by 127.6% during the first quarter. Park Place Capital Corp now owns 817 shares of the company’s stock valued at $262,000 after purchasing an additional 458 shares in the last quarter. O ROURKE & COMPANY Inc raised its stake in shares of CrowdStrike by 9.1% during the first quarter. O ROURKE & COMPANY Inc now owns 1,197 shares of the company’s stock valued at $384,000 after purchasing an additional 100 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in shares of CrowdStrike by 45.5% during the first quarter. Miracle Mile Advisors LLC now owns 1,500 shares of the company’s stock valued at $481,000 after purchasing an additional 469 shares in the last quarter. Finally, MGO Private Wealth LLC raised its stake in shares of CrowdStrike by 28.0% during the first quarter. MGO Private Wealth LLC now owns 2,133 shares of the company’s stock valued at $684,000 after purchasing an additional 466 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 $7.10 during trading hours on Tuesday, reaching $385.05. The stock had a trading volume of 3,241,253 shares, compared to its average volume of 4,175,308. The business’s fifty day moving average is $343.61 and its two-hundred day moving average is $315.35. 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 company has a market cap of $93.71 billion, a price-to-earnings ratio of 728.39, a PEG ratio of 19.31 and a beta of 1.10. CrowdStrike Holdings, Inc. has a twelve month low of $139.37 and a twelve month high of $394.64.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current year.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of recent analyst reports. Canaccord Genuity Group lifted their price objective on shares of CrowdStrike from $400.00 to $405.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. TD Cowen boosted their price target on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Stifel Nicolaus boosted their price target on shares of CrowdStrike from $315.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Citigroup boosted their price target on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Morgan Stanley boosted their price target on shares of CrowdStrike from $372.00 to $422.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Two analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $382.35.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at $348,868,471.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 transaction of $3,900,100.00. Following the sale, the director now owns 18,297 shares in the company, valued at $7,136,012.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 56,279 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the sale, the chief executive officer now owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 219,675 shares of company stock worth $75,730,552. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Company Profile

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.