CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Cut by Vestor Capital LLC

Vestor Capital LLC trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) by 51.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,673 shares of the company’s stock after selling 27,340 shares during the quarter. Vestor Capital LLC’s holdings in CrowdStrike were worth $5,830,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRWD. Illinois Municipal Retirement Fund grew its holdings in CrowdStrike by 22.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 4,334 shares of the company’s stock worth $887,000 after buying an additional 787 shares in the last quarter. Yousif Capital Management LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $576,000. CWM LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $523,000. Raymond James Trust N.A. lifted its position in CrowdStrike by 51.1% in the fourth quarter. Raymond James Trust N.A. now owns 2,061 shares of the company’s stock worth $422,000 after purchasing an additional 697 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in CrowdStrike by 3.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 42,473 shares of the company’s stock worth $8,696,000 after purchasing an additional 1,317 shares during the period. 63.02% of the stock is owned by institutional investors.

CrowdStrike Stock Up 1.0 %

CrowdStrike stock traded up $1.93 during mid-day trading on Friday, hitting $191.17. 2,750,975 shares of the company’s stock were exchanged, compared to its average volume of 2,947,145. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.66. The stock has a market cap of $44.36 billion, a P/E ratio of -241.99 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 1-year low of $130.00 and a 1-year high of $298.48. The stock has a 50 day moving average of $175.99 and a two-hundred day moving average of $183.55.

CrowdStrike (NASDAQ:CRWDGet Rating) last posted its earnings results on Thursday, June 2nd. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.06. The firm had revenue of $487.83 million for the quarter, compared to the consensus estimate of $464.35 million. CrowdStrike had a negative net margin of 11.08% and a negative return on equity of 14.50%. The business’s quarterly revenue was up 61.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.14) earnings per share. As a group, analysts anticipate that CrowdStrike Holdings, Inc. will post -0.63 EPS for the current fiscal year.

Insider Activity

In other news, CFO Burt W. Podbere sold 11,438 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $165.22, for a total value of $1,889,786.36. Following the sale, the chief financial officer now directly owns 313,028 shares of the company’s stock, valued at $51,718,486.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO George Kurtz sold 71,528 shares of the stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $165.35, for a total value of $11,827,154.80. Following the completion of the sale, the chief executive officer now owns 958,309 shares in the company, valued at $158,456,393.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 11,438 shares of the stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $165.22, for a total transaction of $1,889,786.36. Following the completion of the sale, the chief financial officer now owns 313,028 shares of the company’s stock, valued at approximately $51,718,486.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,679 shares of company stock valued at $15,154,848. 6.82% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research analyst reports. BTIG Research cut their target price on CrowdStrike from $257.00 to $234.00 and set a “buy” rating for the company in a research report on Friday, June 3rd. Stephens began coverage on CrowdStrike in a research report on Friday, June 3rd. They issued a “buy” rating and a $232.00 target price for the company. Jefferies Financial Group increased their price objective on CrowdStrike from $200.00 to $215.00 in a research report on Friday, June 3rd. JMP Securities reiterated a “buy” rating and set a $275.00 price objective on shares of CrowdStrike in a research report on Friday, June 3rd. Finally, Morgan Stanley upgraded CrowdStrike from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $195.00 to $215.00 in a research report on Monday, June 6th. Twenty-seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Buy” and a consensus price target of $251.38.

About CrowdStrike

(Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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