Robbins Farley Sells 40 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Robbins Farley lowered its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 8,809 shares of the company’s stock after selling 40 shares during the period. CrowdStrike makes up about 1.6% of Robbins Farley’s portfolio, making the stock its 29th largest position. Robbins Farley’s holdings in CrowdStrike were worth $3,106,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Tritonpoint Wealth LLC boosted its stake in CrowdStrike by 13.6% in the 1st quarter. Tritonpoint Wealth LLC now owns 735 shares of the company’s stock worth $259,000 after purchasing an additional 88 shares during the period. Matauro LLC acquired a new position in CrowdStrike in the 1st quarter worth $755,000. BNC Wealth Management LLC boosted its stake in CrowdStrike by 1.8% in the 1st quarter. BNC Wealth Management LLC now owns 9,860 shares of the company’s stock worth $3,476,000 after purchasing an additional 179 shares during the period. Goldstone Financial Group LLC boosted its stake in CrowdStrike by 42.7% in the 1st quarter. Goldstone Financial Group LLC now owns 1,022 shares of the company’s stock worth $360,000 after purchasing an additional 306 shares during the period. Finally, New England Research & Management Inc. acquired a new position in CrowdStrike in the 1st quarter worth $1,431,000. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $475.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Royal Bank of Canada increased their price objective on shares of CrowdStrike from $500.00 to $510.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Piper Sandler increased their price objective on shares of CrowdStrike from $400.00 to $505.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Finally, Oppenheimer increased their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $453.17.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 2,141 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $371.79, for a total transaction of $796,002.39. Following the sale, the chief accounting officer now directly owns 34,024 shares in the company, valued at approximately $12,649,782.96. The trade was a 5.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 252,361 shares of company stock worth $106,359,058. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $480.62 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $119.13 billion, a price-to-earnings ratio of 942.41, a P/E/G ratio of 17.86 and a beta of 1.16. The firm’s 50 day simple moving average is $428.81 and its 200 day simple moving average is $391.91. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $491.20.

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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

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.