CrowdStrike (NASDAQ:CRWD) Stock Position Reduced by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC decreased its stake in CrowdStrike (NASDAQ:CRWD) by 11.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,039 shares of the company’s stock after selling 1,530 shares during the quarter. CrowdStrike makes up about 1.1% of MFA Wealth Advisors LLC’s holdings, making the stock its 23rd biggest position. MFA Wealth Advisors LLC’s holdings in CrowdStrike were worth $4,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CRWD. FPC Investment Advisory Inc. raised its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock worth $31,000 after purchasing an additional 38 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the 4th quarter valued at $34,000. Millstone Evans Group LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at $34,000. Finally, 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 last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several analyst reports. Evercore ISI reissued an “in-line” rating and set a $440.00 target price (down from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Wedbush upped their price target on CrowdStrike from $475.00 to $525.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 3rd. Sanford C. Bernstein downgraded CrowdStrike from an “outperform” rating to a “market perform” rating and set a $371.00 price objective on the stock. in a research note on Friday, June 6th. Stifel Nicolaus boosted their target price on CrowdStrike from $480.00 to $495.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company increased their price target on CrowdStrike from $430.00 to $550.00 and gave the company an “overweight” rating in a report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $453.17.

CrowdStrike Trading Up 2.6%

Shares of CRWD stock opened at $492.03 on Wednesday. The firm has a fifty day moving average of $434.17 and a 200-day moving average of $394.15. The stock has a market cap of $122.64 billion, a price-to-earnings ratio of -713.09 and a beta of 1.16. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $493.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 earnings per share. On average, equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO George Kurtz sold 55,556 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the sale, the chief executive officer now owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their position. The sale 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 the company’s stock in a transaction dated Friday, March 21st. The stock was 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 directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 257,861 shares of company stock worth $109,595,558. Company 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.