Boltwood Capital Management Cuts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Boltwood Capital Management lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 926 shares of the company’s stock after selling 50 shares during the period. Boltwood Capital Management’s holdings in CrowdStrike were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Primoris Wealth Advisors LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at $2,166,000. Arcadia Investment Management Corp MI increased its stake in CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after buying an additional 2,814 shares in the last quarter. Trifecta Capital Advisors LLC increased its stake in CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after buying an additional 8,561 shares in the last quarter. Delta Financial Group Inc. purchased a new stake in CrowdStrike in the 4th quarter worth $336,000. Finally, Marshall Investment Management LLC purchased a new stake in CrowdStrike in the 4th quarter worth $2,494,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CRWD shares. DA Davidson increased their price target on CrowdStrike from $415.00 to $530.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets raised their price objective on CrowdStrike from $405.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday. KeyCorp lowered their price target on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Oppenheimer increased their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Cantor Fitzgerald raised their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $449.38.

CrowdStrike Price Performance

NASDAQ CRWD opened at $460.56 on Thursday. The firm’s fifty day simple moving average is $410.85 and its two-hundred day simple moving average is $386.40. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $491.20. The firm has a market capitalization of $114.16 billion, a P/E ratio of 903.08, a P/E/G ratio of 17.86 and a beta of 1.22.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The business’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 firm posted $0.93 earnings per share. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $484.59, for a total transaction of $3,028,687.50. Following the completion of the sale, the director now owns 755,592 shares of the company’s stock, valued at $366,152,327.28. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the sale, the director now directly owns 29,500 shares of the company’s stock, valued at $14,425,500. This represents a 25.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 211,681 shares of company stock worth $87,081,236 over the last three months. 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.