LA Financiere DE L Echiquier Cuts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

LA Financiere DE L Echiquier trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) by 15.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 224,000 shares of the company’s stock after selling 39,400 shares during the quarter. CrowdStrike accounts for 2.1% of LA Financiere DE L Echiquier’s portfolio, making the stock its 13th biggest holding. LA Financiere DE L Echiquier owned about 0.10% of CrowdStrike worth $50,866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of CRWD. Russell Investments Group Ltd. raised its position in CrowdStrike by 15.0% in the 4th quarter. Russell Investments Group Ltd. now owns 30,946 shares of the company’s stock worth $6,346,000 after buying an additional 4,047 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in CrowdStrike by 31.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,037 shares of the company’s stock worth $4,512,000 after purchasing an additional 5,209 shares during the last quarter. ARK Investment Management LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at $194,000. Desjardins Global Asset Management Inc. purchased a new position in shares of CrowdStrike in the 4th quarter worth $136,000. Finally, Vestmark Advisory Solutions Inc. grew its holdings in shares of CrowdStrike by 395.8% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 5,211 shares of the company’s stock worth $1,067,000 after acquiring an additional 4,160 shares during the period. 63.02% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 2.5 %

NASDAQ:CRWD traded up $4.46 during midday trading on Thursday, hitting $181.42. 38,135 shares of the company traded hands, compared to its average volume of 3,032,960. The firm has a market capitalization of $42.10 billion, a P/E ratio of -224.00 and a beta of 1.32. The firm’s fifty day moving average is $170.73 and its 200-day moving average is $183.30. CrowdStrike Holdings, Inc. has a 12-month low of $130.00 and a 12-month high of $298.48. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.66.

CrowdStrike (NASDAQ:CRWDGet Rating) last announced its earnings results on Thursday, June 2nd. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.06. CrowdStrike had a negative net margin of 11.08% and a negative return on equity of 14.50%. The business had revenue of $487.83 million for the quarter, compared to the consensus estimate of $464.35 million. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. The business’s revenue for the quarter was up 61.1% on a year-over-year basis. On average, sell-side analysts predict that CrowdStrike Holdings, Inc. will post -0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several research reports. Barclays raised their target price on CrowdStrike from $182.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, June 3rd. Robert W. Baird boosted their target price on shares of CrowdStrike from $225.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, April 8th. Mizuho dropped their price target on shares of CrowdStrike from $270.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, May 18th. Jefferies Financial Group boosted their price objective on shares of CrowdStrike from $200.00 to $215.00 in a research report on Friday, June 3rd. Finally, Canaccord Genuity Group decreased their target price on CrowdStrike from $260.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 19th. Twenty-seven analysts have rated the stock with a buy rating, According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Buy” and an average target price of $251.90.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 8,713 shares of the stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $165.03, for a total value of $1,437,906.39. Following the sale, the insider now directly owns 185,584 shares in the company, valued at $30,626,927.52. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Shawn Henry sold 8,713 shares of the business’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $165.03, for a total transaction of $1,437,906.39. Following the completion of the sale, the insider now directly owns 185,584 shares of the company’s stock, valued at $30,626,927.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 11,438 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $165.22, for a total transaction of $1,889,786.36. Following the completion of the transaction, the chief financial officer now directly owns 313,028 shares in the company, valued at approximately $51,718,486.16. The disclosure for this sale can be found here. Insiders sold 91,679 shares of company stock worth $15,154,848 over the last 90 days. Company insiders own 6.82% of the company’s stock.

CrowdStrike Company Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating).

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.