Eagle Strategies LLC Sells 2,304 Shares of CrowdStrike (NASDAQ:CRWD)

Eagle Strategies LLC lowered its position in CrowdStrike (NASDAQ:CRWD) by 34.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,442 shares of the company’s stock after selling 2,304 shares during the period. Eagle Strategies LLC’s holdings in CrowdStrike were worth $1,566,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of CrowdStrike by 44.9% in the fourth 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. Bell Bank purchased a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $247,000. FPC Investment Advisory Inc. increased its position in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Marshall Investment Management LLC purchased a new stake in CrowdStrike in the fourth quarter worth $2,494,000. Finally, Wealthspire Advisors LLC grew its position in shares of CrowdStrike by 29.7% in the fourth quarter. Wealthspire Advisors LLC now owns 1,916 shares of the company’s stock valued at $656,000 after purchasing an additional 439 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 1.8%

Shares of NASDAQ CRWD opened at $476.30 on Monday. The business’s 50 day moving average is $440.62 and its two-hundred day moving average is $397.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $493.20. The stock has a market capitalization of $118.72 billion, a P/E ratio of -690.29 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CRWD shares. BMO Capital Markets lifted their price target on CrowdStrike from $405.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Piper Sandler boosted their target price on CrowdStrike from $400.00 to $505.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Truist Financial reaffirmed a “buy” rating and set a $500.00 price target (up previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Scotiabank boosted their target price on CrowdStrike from $370.00 to $480.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. Finally, Wedbush upped their target price on CrowdStrike from $475.00 to $525.00 and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. Two research 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 data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $453.17.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the transaction, the director now owns 768,092 shares in the company, valued at $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.88, for a total value of $6,990,080.00. Following the transaction, the chief financial officer now owns 249,653 shares of the company’s stock, valued at $109,068,402.64. This trade represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,060 shares of company stock worth $87,750,868 over the last 90 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.