Gamco Investors INC. ET AL Sells 9,774 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gamco Investors INC. ET AL reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 41.8% in the 1st quarter, HoldingsChannel reports. The firm owned 13,597 shares of the company’s stock after selling 9,774 shares during the quarter. Gamco Investors INC. ET AL’s holdings in CrowdStrike were worth $4,359,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Financial Counselors Inc. grew its holdings in shares of CrowdStrike by 3.9% during the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after buying an additional 50 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of CrowdStrike during the fourth quarter valued at about $58,000. Saxony Capital Management LLC acquired a new position in shares of CrowdStrike during the fourth quarter valued at about $1,756,000. Los Angeles Capital Management LLC grew its holdings in shares of CrowdStrike by 5,210.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 124,590 shares of the company’s stock valued at $31,810,000 after buying an additional 122,244 shares during the last quarter. Finally, BNP Paribas acquired a new position in shares of CrowdStrike during the first quarter valued at about $2,685,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Price Performance

CrowdStrike stock traded up $2.01 during midday trading on Friday, reaching $256.16. 9,584,374 shares of the stock were exchanged, compared to its average volume of 10,010,274. The company’s fifty day moving average is $354.16 and its 200-day moving average is $326.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market cap of $62.34 billion, a PE ratio of 483.33, a PEG ratio of 13.09 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52 week low of $140.52 and a 52 week high of $398.33.

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

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the sale, the insider now owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the transaction, the insider now directly owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. FBN Securities upgraded shares of CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Piper Sandler cut their price target on shares of CrowdStrike from $400.00 to $310.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Robert W. Baird cut their price target on shares of CrowdStrike from $350.00 to $335.00 and set an “outperform” rating on the stock in a report on Tuesday, July 23rd. Wedbush cut their price target on shares of CrowdStrike from $385.00 to $315.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Oppenheimer boosted their price target 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 research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $359.16.

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.