TIAA Trust National Association Reduces Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TIAA Trust National Association trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,092 shares of the company’s stock after selling 15,238 shares during the period. TIAA Trust National Association’s holdings in CrowdStrike were worth $19,906,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Trivant Custom Portfolio Group LLC purchased a new position in shares of CrowdStrike in the 1st quarter valued at $30,000. CVA Family Office LLC purchased a new position in CrowdStrike during the 4th quarter worth $26,000. Hexagon Capital Partners LLC purchased a new position in CrowdStrike during the 4th quarter worth $26,000. Future Financial Wealth Managment LLC purchased a new position in CrowdStrike during the 1st quarter worth $32,000. Finally, MCF Advisors LLC purchased a new position in CrowdStrike during the 1st quarter worth $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRWD. Royal Bank of Canada reissued an “outperform” rating and set a $420.00 price objective on shares of CrowdStrike in a research report on Wednesday, June 5th. Oppenheimer raised their target price on shares of CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 5th. Rosenblatt Securities raised their price objective on shares of CrowdStrike from $415.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Evercore ISI dropped their target price on shares of CrowdStrike from $405.00 to $350.00 and set an “outperform” rating for the company in a report on Friday. Finally, Guggenheim restated a “buy” rating and set a $424.00 target price on shares of CrowdStrike in a report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $377.55.

CrowdStrike Trading Down 11.1 %

CRWD stock traded down $38.09 during midday trading on Friday, reaching $304.96. 42,145,705 shares of the company’s stock traded hands, compared to its average volume of 5,948,068. The company has a market capitalization of $74.22 billion, a P/E ratio of 575.41, a PEG ratio of 15.37 and a beta of 1.10. The business has a 50-day moving average price of $361.67 and a two-hundred day moving average price of $326.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. CrowdStrike Holdings, Inc. has a fifty-two week low of $140.52 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted 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 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%. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total value of $1,334,080.00. Following the sale, the insider now directly owns 204,961 shares of the company’s stock, valued at $68,358,592.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the completion of the sale, the insider now owns 204,961 shares in the company, valued at $68,358,592.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the sale, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. Insiders have sold 219,675 shares of company stock valued at $76,931,522 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike 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.