Rockingstone Advisors LLC Sells 231 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Rockingstone Advisors LLC trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,220 shares of the company’s stock after selling 231 shares during the period. CrowdStrike comprises approximately 1.6% of Rockingstone Advisors LLC’s holdings, making the stock its 26th largest holding. Rockingstone Advisors LLC’s holdings in CrowdStrike were worth $3,603,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FPC Investment Advisory Inc. boosted its position in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at $34,000. Millstone Evans Group LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at $34,000. ST Germain D J Co. Inc. lifted its stake in shares of CrowdStrike by 426.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock valued at $35,000 after purchasing an additional 81 shares during the period. Finally, Bellwether Advisors LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at $37,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Up 0.7%

Shares of CRWD stock opened at $467.65 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $115.92 billion, a P/E ratio of 916.98, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The stock has a 50 day simple moving average of $419.44 and a 200 day simple moving average of $389.69. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $491.20.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly 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. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. On average, research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CRWD shares. Scotiabank increased their price target on CrowdStrike from $370.00 to $480.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. Barclays set a $500.00 price objective on CrowdStrike in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. raised their price objective on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Royal Bank of Canada lifted their price target on CrowdStrike from $500.00 to $510.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Finally, The Goldman Sachs Group lifted their price target on CrowdStrike from $389.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $453.17.

Insiders Place Their Bets

In other news, Director Denis Oleary sold 15,680 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the completion of the transaction, the director now directly owns 36,906 shares in the company, valued at approximately $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 227,361 shares of company stock worth $94,434,058 over the last three months. 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.