CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,842 shares of the company’s stock after selling 280 shares during the quarter. Salem Investment Counselors Inc.’s holdings in CrowdStrike were worth $5,938,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 1.6% in the fourth 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 increased its position in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after acquiring an additional 124,984 shares during the period. Norges Bank acquired a new position in CrowdStrike in the 4th quarter valued at about $1,111,542,000. Northern Trust Corp grew its stake in shares of CrowdStrike by 16.6% in the 4th 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 during the last quarter. Finally, FMR LLC raised its stake in shares of 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. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In other news, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the transaction, the president now directly owns 422,204 shares of the company’s stock, valued at $201,391,308. The trade was a 5.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 252,361 shares of company stock valued at $106,359,058 over the last quarter. Company insiders own 3.32% of the company’s stock.

CrowdStrike Trading Up 1.0%

Shares of CrowdStrike stock opened at $481.73 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The business’s fifty day moving average is $425.70 and its two-hundred day moving average is $391.11. 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 firm has a market cap of $119.41 billion, a PE ratio of 944.59, a P/E/G ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on CRWD. DA Davidson boosted their price objective on shares of CrowdStrike from $415.00 to $530.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Oppenheimer boosted their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Scotiabank increased their price target on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 4th. Needham & Company LLC lifted their price objective on CrowdStrike from $420.00 to $530.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, Rosenblatt Securities boosted their target price on CrowdStrike from $450.00 to $515.00 and gave the stock a “buy” rating in a research report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $453.17.

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.