Sentry Investment Management LLC Sells 223 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sentry Investment Management LLC cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 23.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 747 shares of the company’s stock after selling 223 shares during the period. Sentry Investment Management LLC’s holdings in CrowdStrike were worth $242,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Primoris Wealth Advisors LLC bought a new position in CrowdStrike during the 4th quarter valued at $2,166,000. Arcadia Investment Management Corp MI lifted its stake in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after acquiring an additional 2,814 shares in the last quarter. Greenleaf Trust lifted its stake in CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after acquiring an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC lifted its stake in CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after acquiring an additional 8,561 shares in the last quarter. Finally, Delta Financial Group Inc. bought a new position in CrowdStrike during the 4th quarter valued at $336,000. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 13,543 shares of the business’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 $4,856,790.66. Following the completion of the transaction, the president now owns 405,308 shares of the company’s stock, valued at approximately $145,351,554.96. The trade was a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $469.00, for a total value of $4,690,000.00. Following the transaction, the director now directly owns 39,500 shares of the company’s stock, valued at $18,525,500. The trade was a 20.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 195,431 shares of company stock valued at $79,162,548 in the last quarter. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Up 2.0%

CRWD stock opened at $488.76 on Wednesday. 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 capitalization of $121.15 billion, a PE ratio of 958.37, a PEG ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $491.20. The stock has a 50-day simple moving average of $408.78 and a two-hundred day simple moving average of $385.89.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 EPS. On average, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several recent analyst reports. Rosenblatt Securities raised their price objective on CrowdStrike from $450.00 to $515.00 and gave the company a “buy” rating in a research note on Monday. The Goldman Sachs Group reiterated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Susquehanna lifted their target price on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research note on Wednesday, March 5th. DA Davidson lifted their target price on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $415.62.

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.