First Affirmative Financial Network Lowers Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

First Affirmative Financial Network reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 771 shares of the company’s stock after selling 40 shares during the quarter. First Affirmative Financial Network’s holdings in CrowdStrike were worth $272,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. FSA Wealth Management LLC boosted its stake in shares of CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after acquiring an additional 23 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in shares of CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after acquiring an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after buying an additional 27 shares in the last quarter. Wintrust Investments LLC lifted its stake in 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 in the last quarter. Finally, Greenwich Wealth Management LLC lifted its stake in 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 in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRWD. Raymond James reaffirmed an “outperform” rating and issued a $485.00 price target (up from $390.00) on shares of CrowdStrike in a research note on Wednesday. UBS Group reaffirmed a “buy” rating on shares of CrowdStrike in a research note on Tuesday. Wedbush raised their price target on shares of CrowdStrike from $475.00 to $525.00 and gave the company an “outperform” rating in a research note on Tuesday, June 3rd. Truist Financial reaffirmed a “buy” rating and issued a $500.00 price target (up from $450.00) on shares of CrowdStrike in a research note on Wednesday. Finally, Scotiabank raised their price target on shares of CrowdStrike from $370.00 to $480.00 and gave the company a “sector perform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $450.43.

CrowdStrike Stock Up 1.2%

CrowdStrike stock opened at $468.41 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a 50 day moving average price of $415.18 and a 200 day moving average price of $388.29. The company has a market capitalization of $116.11 billion, a PE ratio of 918.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. Research analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Insider Activity at CrowdStrike

In related news, Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total value of $4,890,000.00. Following the completion of the sale, the director now owns 29,500 shares in the company, valued at approximately $14,425,500. This trade represents a 25.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike 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 completion of the sale, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 211,681 shares of company stock worth $87,081,236. Insiders own 3.32% of the company’s stock.

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.