Johnson Financial Group Inc. Sells 184 Shares of CrowdStrike $CRWD

Johnson Financial Group Inc. lessened its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 24.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 573 shares of the company’s stock after selling 184 shares during the period. Johnson Financial Group Inc.’s holdings in CrowdStrike were worth $292,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike in the first quarter valued at approximately $26,000. AlphaQuest LLC acquired a new position in CrowdStrike during the 2nd quarter valued at $26,000. Financial Gravity Companies Inc. acquired a new position in CrowdStrike during the 2nd quarter valued at $33,000. Saudi Central Bank bought a new stake in CrowdStrike in the 1st quarter valued at $34,000. Finally, Financial Management Professionals Inc. grew its position in CrowdStrike by 91.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock worth $36,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CRWD. Wedbush upped their price objective on shares of CrowdStrike from $525.00 to $600.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. BTIG Research boosted their price target on CrowdStrike from $489.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Roth Capital reaffirmed a “buy” rating and issued a $510.00 price target (up previously from $410.00) on shares of CrowdStrike in a report on Thursday, September 18th. UBS Group decreased their price objective on CrowdStrike from $545.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, August 28th. Finally, Evercore ISI restated a “positive” rating on shares of CrowdStrike in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $543.75.

CrowdStrike Price Performance

CrowdStrike stock opened at $509.51 on Friday. The business has a 50 day simple moving average of $511.77 and a 200 day simple moving average of $476.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $127.87 billion, a PE ratio of -428.16, a price-to-earnings-growth ratio of 118.23 and a beta of 1.16. CrowdStrike has a one year low of $298.00 and a one year high of $566.90.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The business’s revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 earnings per share. On average, sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Johanna Flower sold 2,347 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the sale, the director directly owned 79,057 shares of the company’s stock, valued at approximately $38,815,405.86. This represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 6,975 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $549.89, for a total transaction of $3,835,482.75. Following the sale, the chief executive officer directly owned 2,108,082 shares of the company’s stock, valued at approximately $1,159,213,210.98. The trade was a 0.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 116,622 shares of company stock worth $58,561,456 over the last ninety days. Company insiders own 3.32% 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.