CFM Wealth Partners LLC decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,772 shares of the company’s stock after selling 363 shares during the quarter. CFM Wealth Partners LLC’s holdings in CrowdStrike were worth $1,310,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Jacobi Capital Management LLC acquired a new position in CrowdStrike in the first quarter worth about $414,000. Flagship Harbor Advisors LLC increased its holdings in shares of CrowdStrike by 6.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 4,356 shares of the company’s stock valued at $989,000 after acquiring an additional 260 shares during the last quarter. Octavia Wealth Advisors LLC bought a new stake in shares of CrowdStrike in the 1st quarter valued at approximately $294,000. Addison Capital Co acquired a new stake in shares of CrowdStrike during the 1st quarter valued at approximately $933,000. Finally, Scotia Capital Inc. lifted its stake in CrowdStrike by 6.1% during the first quarter. Scotia Capital Inc. now owns 1,955 shares of the company’s stock worth $444,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 67.43% of the company’s stock.
Insider Activity at CrowdStrike
In other news, CEO George Kurtz sold 71,528 shares of the firm’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $165.35, for a total transaction of $11,827,154.80. Following the transaction, the chief executive officer now owns 958,309 shares in the company, valued at approximately $158,456,393.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Burt W. Podbere sold 11,438 shares of CrowdStrike stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $165.22, for a total value of $1,889,786.36. Following the transaction, the chief financial officer now owns 313,028 shares in the company, valued at approximately $51,718,486.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 71,528 shares of the business’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $165.35, for a total transaction of $11,827,154.80. Following the transaction, the chief executive officer now directly owns 958,309 shares of the company’s stock, valued at approximately $158,456,393.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,782 shares of company stock valued at $19,331,841. 6.82% of the stock is currently owned by corporate insiders.
CrowdStrike Trading Down 4.4 %
CrowdStrike (NASDAQ:CRWD – Get Rating) last issued its earnings results on Tuesday, August 30th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. CrowdStrike had a negative return on equity of 12.96% and a negative net margin of 9.45%. The firm had revenue of $535.15 million for the quarter, compared to the consensus estimate of $516.44 million. During the same quarter in the previous year, the company posted ($0.21) earnings per share. The business’s quarterly revenue was up 58.5% compared to the same quarter last year. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post -0.75 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have weighed in on CRWD shares. Piper Sandler boosted their target price on shares of CrowdStrike from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, August 31st. Stifel Nicolaus increased their price objective on shares of CrowdStrike from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, August 31st. Wells Fargo & Company decreased their target price on CrowdStrike from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, June 3rd. Atlantic Securities assumed coverage on CrowdStrike in a research report on Friday, September 2nd. They set a “neutral” rating and a $200.00 price target on the stock. Finally, Mizuho boosted their price objective on CrowdStrike to $230.00 in a research report on Tuesday, September 6th. One investment analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.14.
CrowdStrike Company Profile
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.
- Get a free copy of the StockNews.com research report on CrowdStrike (CRWD)
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