CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky lowered its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,376 shares of the company’s stock after selling 391 shares during the period. Independence Bank of Kentucky’s holdings in CrowdStrike were worth $838,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. lifted its holdings in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike during the 4th quarter worth about $34,000. Millstone Evans Group LLC acquired a new stake in shares of CrowdStrike in the 4th quarter worth approximately $34,000. 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 worth $35,000 after acquiring an additional 81 shares during the period. Finally, Bellwether Advisors LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on CRWD shares. DZ Bank cut CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 target price on the stock. in a report on Thursday, May 22nd. 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. JMP Securities reaffirmed a “market outperform” rating and set a $500.00 target price on shares of CrowdStrike in a research note on Wednesday. Citigroup reaffirmed an “outperform” rating on shares of CrowdStrike in a report on Monday, May 5th. Finally, Truist Financial reissued a “buy” rating and issued a $500.00 price target (up from $450.00) on shares of CrowdStrike in a report on Wednesday. Two 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $450.43.

CrowdStrike Price Performance

Shares of CRWD opened at $468.41 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $116.11 billion, a PE ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.22. The firm’s 50 day moving average price is $415.18 and its 200 day moving average price is $388.29. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $491.20.

CrowdStrike (NASDAQ:CRWD) last released its quarterly 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 for 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%. CrowdStrike’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 2,141 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $371.79, for a total value of $796,002.39. Following the sale, the chief accounting officer now directly owns 34,024 shares of the company’s stock, valued at approximately $12,649,782.96. This trade represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. The trade was a 4.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 211,681 shares of company stock worth $87,081,236. 3.32% of the stock is owned by corporate insiders.

CrowdStrike 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.