SLT Holdings LLC Lowers Stake in CrowdStrike (NASDAQ:CRWD)

SLT Holdings LLC cut its position in shares of CrowdStrike (NASDAQ:CRWD) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,742 shares of the company’s stock after selling 48 shares during the quarter. CrowdStrike makes up 1.3% of SLT Holdings LLC’s investment portfolio, making the stock its 18th largest position. SLT Holdings LLC’s holdings in CrowdStrike were worth $1,319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Patten & Patten Inc. TN grew its holdings in shares of CrowdStrike by 6.2% during the first quarter. Patten & Patten Inc. TN now owns 9,250 shares of the company’s stock worth $3,261,000 after buying an additional 542 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of CrowdStrike by 8.5% during the first quarter. Foundations Investment Advisors LLC now owns 5,485 shares of the company’s stock worth $1,934,000 after buying an additional 432 shares in the last quarter. AGP Franklin LLC grew its holdings in shares of CrowdStrike by 3.8% during the first quarter. AGP Franklin LLC now owns 8,939 shares of the company’s stock worth $3,152,000 after buying an additional 331 shares in the last quarter. Norden Group LLC grew its holdings in shares of CrowdStrike by 1.9% during the first quarter. Norden Group LLC now owns 1,486 shares of the company’s stock worth $524,000 after buying an additional 28 shares in the last quarter. Finally, Abbot Financial Management Inc. grew its holdings in shares of CrowdStrike by 7.0% during the first quarter. Abbot Financial Management Inc. now owns 2,602 shares of the company’s stock worth $917,000 after buying an additional 170 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 0.9%

NASDAQ CRWD opened at $472.18 on Tuesday. The company’s fifty day simple moving average is $478.45 and its 200-day simple moving average is $420.40. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market cap of $117.69 billion, a P/E ratio of -684.32 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 negative net margin of 4.17% and a positive return on equity of 0.43%. The business’s 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 earnings per share. Equities research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CRWD shares. Stephens boosted their target price on shares of CrowdStrike from $450.00 to $540.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Jefferies Financial Group lifted their price target on shares of CrowdStrike from $520.00 to $530.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $495.00 price target (up previously from $490.00) on shares of CrowdStrike in a report on Monday, July 14th. BTIG Research reiterated a “buy” rating on shares of CrowdStrike in a report on Thursday, May 22nd. Finally, Barclays set a $500.00 price target on shares of CrowdStrike in a report on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $461.17.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total value of $3,202,687.50. Following the completion of the sale, the director owned 781,011 shares in the company, valued at approximately $400,213,466.73. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director owned 18,858 shares of the company’s stock, valued at approximately $9,667,553.70. This trade represents a 33.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 241,820 shares of company stock valued at $113,297,985. 3.32% of the stock is owned by insiders.

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.