Biltmore Family Office LLC Sells 75 Shares of CrowdStrike (NASDAQ:CRWD)

Biltmore Family Office LLC lowered its holdings in CrowdStrike (NASDAQ:CRWD) by 5.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,284 shares of the company’s stock after selling 75 shares during the quarter. Biltmore Family Office LLC’s holdings in CrowdStrike were worth $453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRWD. Brighton Jones LLC increased its stake in CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after acquiring an additional 2,417 shares during the period. Renaissance Technologies LLC bought a new stake in CrowdStrike in the fourth quarter valued at about $17,416,000. Bessemer Group Inc. increased its stake in CrowdStrike by 98.8% in the fourth quarter. Bessemer Group Inc. now owns 2,123 shares of the company’s stock valued at $726,000 after acquiring an additional 1,055 shares during the period. Jaffetilchin Investment Partners LLC increased its stake in CrowdStrike by 5.3% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,284 shares of the company’s stock valued at $1,466,000 after acquiring an additional 215 shares during the period. Finally, Sterling Capital Management LLC increased its stake in CrowdStrike by 7.1% in the fourth quarter. Sterling Capital Management LLC now owns 19,299 shares of the company’s stock valued at $6,603,000 after acquiring an additional 1,287 shares during the period. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,883 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the sale, the chief financial officer directly owned 231,130 shares in the company, valued at $105,272,781.10. This trade represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the sale, the director owned 36,906 shares in the company, valued at approximately $17,306,330.58. The trade was a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Trading Down 0.1%

Shares of NASDAQ CRWD opened at $424.49 on Friday. The company’s fifty day moving average is $477.04 and its 200-day moving average is $425.50. The stock has a market cap of $105.80 billion, a price-to-earnings ratio of -615.20 and a beta of 1.13. CrowdStrike has a twelve month low of $235.60 and a twelve month high of $517.98. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CRWD shares. Cantor Fitzgerald upped their target price on shares of CrowdStrike from $440.00 to $475.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. DA Davidson upped their target price 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. JMP Securities restated a “market outperform” rating and issued a $500.00 price target on shares of CrowdStrike in a research report on Wednesday, June 4th. Needham & Company LLC boosted their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $495.00 price target (up from $490.00) on shares of CrowdStrike in a research report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $461.17.

About CrowdStrike

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.