Covestor Ltd Lowers Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Covestor Ltd decreased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 466 shares of the company’s stock after selling 80 shares during the period. Covestor Ltd’s holdings in CrowdStrike were worth $150,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. CVA Family Office LLC acquired a new stake in CrowdStrike during the 4th quarter worth approximately $26,000. Hexagon Capital Partners LLC acquired a new position in shares of CrowdStrike during the 4th quarter valued at $26,000. Bear Mountain Capital Inc. purchased a new stake in CrowdStrike during the 4th quarter worth $27,000. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike in the 1st quarter valued at $30,000. Finally, Johnson Financial Group Inc. purchased a new position in CrowdStrike in the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other news, Director Roxanne S. Austin sold 10,000 shares of the company’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 value of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares in the company, valued at $7,136,012.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction dated 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. In the last 90 days, insiders have sold 219,675 shares of company stock valued at $76,931,522. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

CRWD stock traded down $7.07 on Wednesday, reaching $261.81. The company’s stock had a trading volume of 8,436,178 shares, compared to its average volume of 4,928,585. CrowdStrike Holdings, Inc. has a 52 week low of $140.52 and a 52 week high of $398.33. 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 capitalization of $63.71 billion, a P/E ratio of 498.10, a price-to-earnings-growth ratio of 13.30 and a beta of 1.10. The firm has a fifty day moving average of $359.35 and a two-hundred day moving average of $327.01.

CrowdStrike (NASDAQ:CRWD) last released 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). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The business had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. As a group, analysts predict that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CRWD shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Friday, June 21st. HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and lowered their price objective for the company from $388.00 to $302.00 in a research report on Tuesday. KeyCorp reduced their target price on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday. Finally, Oppenheimer boosted their price objective on shares of CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $363.11.

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.