CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Lessened by Everhart Financial Group Inc.

Everhart Financial Group Inc. cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,110 shares of the company’s stock after selling 361 shares during the period. Everhart Financial Group Inc.’s holdings in CrowdStrike were worth $744,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CRWD. FSA Wealth Management LLC lifted its stake in CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after purchasing an additional 23 shares during the last quarter. Jacobi Capital Management LLC raised its holdings in shares of CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after purchasing an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in shares of CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after buying an additional 27 shares during the last quarter. Wintrust Investments LLC boosted its holdings in shares of CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after buying an additional 29 shares during the period. Finally, Greenwich Wealth Management LLC boosted its holdings in shares of CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock valued at $265,000 after buying an additional 30 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Down 0.2%

Shares of CRWD opened at $480.62 on Friday. The business’s 50-day moving average price is $428.81 and its 200 day moving average price is $391.91. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $119.13 billion, a P/E ratio of 942.41, a P/E/G ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $491.20.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. Analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following 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 is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the transaction, the insider now owns 89,714 shares in the company, valued at approximately $31,669,042. This represents a 4.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 252,361 shares of company stock valued at $106,359,058 in the last three months. 3.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CRWD shares. Robert W. Baird lowered their target price on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Rosenblatt Securities upped their price objective on CrowdStrike from $450.00 to $515.00 and gave the stock a “buy” rating in a research note on Monday, June 2nd. Stifel Nicolaus boosted their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $500.00 price objective on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Jefferies Financial Group lifted their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $453.17.

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.