Strategic Planning Group LLC Sells 97 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Strategic Planning Group LLC reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 12,375 shares of the company’s stock after selling 97 shares during the period. Strategic Planning Group LLC’s holdings in CrowdStrike were worth $4,363,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after buying an additional 342,294 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank bought a new position in shares of CrowdStrike during the fourth quarter valued at about $1,111,542,000. Northern Trust Corp lifted its position in shares of CrowdStrike by 16.6% during the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company’s stock valued at $777,292,000 after purchasing an additional 324,136 shares in the last quarter. Finally, FMR LLC boosted its holdings in CrowdStrike by 15.0% during the fourth quarter. FMR LLC now owns 2,204,171 shares of the company’s stock worth $754,179,000 after purchasing an additional 287,960 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $488.76 on Wednesday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $491.20. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $121.15 billion, a P/E ratio of 958.37, a PEG ratio of 17.86 and a beta of 1.22. The business’s 50-day moving average price is $408.78 and its two-hundred day moving average price is $385.89.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 13,543 shares of the 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 $4,856,790.66. Following the transaction, the president now owns 405,308 shares in the company, valued at $145,351,554.96. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 195,431 shares of company stock worth $79,162,548 over the last 90 days. Corporate insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CRWD shares. BTIG Research reissued a “buy” rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Morgan Stanley boosted their price objective on CrowdStrike from $415.00 to $455.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Truist Financial lowered their target price on CrowdStrike from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Finally, Cantor Fitzgerald boosted their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, May 30th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $415.62.

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.