CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Values First Advisors Inc.

Values First Advisors Inc. reduced its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,426 shares of the company’s stock after selling 141 shares during the quarter. Values First Advisors Inc.’s holdings in CrowdStrike were worth $930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after buying an additional 315,280 shares during the period. Jennison Associates LLC lifted its position in CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after acquiring an additional 1,581,796 shares during the period. Norges Bank purchased a new stake in CrowdStrike during the 4th quarter valued at about $683,336,000. First Trust Advisors LP increased its holdings in shares of CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after purchasing an additional 358,945 shares during the period. Finally, Pathstone Holdings LLC acquired a new position in shares of CrowdStrike in the fourth quarter valued at about $450,418,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 0.8 %

CrowdStrike stock traded up $2.05 during trading on Friday, reaching $262.54. 3,495,619 shares of the company were exchanged, compared to its average volume of 5,425,888. CrowdStrike Holdings, Inc. has a 52-week low of $140.52 and a 52-week high of $398.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The stock’s 50 day simple moving average is $324.93 and its two-hundred day simple moving average is $321.10. The company has a market capitalization of $63.89 billion, a P/E ratio of 495.36, a PEG ratio of 11.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The firm had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. On average, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on CRWD. Royal Bank of Canada dropped their target price on CrowdStrike from $420.00 to $380.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Tuesday, July 23rd. JMP Securities restated a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research report on Tuesday, May 14th. Oppenheimer increased their price target on CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. Finally, HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and reduced their price objective for the company from $388.00 to $302.00 in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $338.08.

Insider Activity at CrowdStrike

In other news, President Michael Sentonas sold 10,735 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the transaction, the president now directly owns 411,166 shares in the company, valued at approximately $156,502,114.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the sale, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 10,735 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $4,086,063.05. Following the transaction, the president now directly owns 411,166 shares in the company, valued at approximately $156,502,114.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,643 shares of company stock worth $50,749,324. Insiders own 4.34% of the company’s stock.

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.