EdgeRock Capital LLC Lowers Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

EdgeRock Capital LLC trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.9% in the first quarter, HoldingsChannel.com reports. The fund owned 1,653 shares of the company’s stock after selling 122 shares during the period. EdgeRock Capital LLC’s holdings in CrowdStrike were worth $583,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRWD. Brighton Jones LLC raised its position in CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Empirical Finance LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $277,000. Savant Capital LLC raised its position in CrowdStrike by 9.6% in the 4th quarter. Savant Capital LLC now owns 2,821 shares of the company’s stock valued at $965,000 after purchasing an additional 247 shares in the last quarter. Principle Wealth Partners LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $221,000. Finally, Summit Trail Advisors LLC raised its position in CrowdStrike by 1.4% in the 4th quarter. Summit Trail Advisors LLC now owns 72,455 shares of the company’s stock valued at $24,791,000 after purchasing an additional 985 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. The trade was a 3.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. This represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 227,361 shares of company stock valued at $94,434,058. 3.32% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on CRWD. Piper Sandler increased their price target on CrowdStrike from $400.00 to $505.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Roth Capital raised their target price on CrowdStrike from $410.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Wedbush raised their target price on CrowdStrike from $475.00 to $525.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 3rd. UBS Group reissued a “buy” rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Finally, Barclays set a $500.00 target price on CrowdStrike in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $453.17.

CrowdStrike Stock Up 0.7%

CrowdStrike stock opened at $467.65 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $491.20. The company has a market cap of $115.92 billion, a PE ratio of 916.98, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The stock’s 50 day moving average price is $419.44 and its 200 day moving average price is $389.69.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. On average, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

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.