Rockingstone Advisors LLC Sells 231 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Rockingstone Advisors LLC lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.2% during the first quarter, HoldingsChannel.com reports. The fund owned 10,220 shares of the company’s stock after selling 231 shares during the quarter. CrowdStrike accounts for about 1.6% of Rockingstone Advisors LLC’s holdings, making the stock its 26th biggest position. Rockingstone Advisors LLC’s holdings in CrowdStrike were worth $3,603,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. FPC Investment Advisory Inc. boosted its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth about $34,000. Millstone Evans Group LLC bought a new position in shares of CrowdStrike during the 4th quarter worth about $34,000. ST Germain D J Co. Inc. boosted its position in shares of CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock worth $35,000 after purchasing an additional 81 shares in the last quarter. Finally, Bellwether Advisors LLC bought a new position in shares of CrowdStrike during the 4th quarter worth about $37,000. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike 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 completion of the sale, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now directly owns 768,092 shares of the company’s stock, valued at $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 227,361 shares of company stock valued at $94,434,058 in the last three months. Company insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CRWD shares. 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 report on Wednesday, June 4th. Sanford C. Bernstein cut shares of CrowdStrike from an “outperform” rating to a “market perform” rating and set a $371.00 price objective on the stock. in a research report on Friday, June 6th. Roth Capital increased their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Bank of America reissued a “neutral” rating and set a $470.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Rosenblatt Securities upped their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $453.17.

CrowdStrike Trading Up 0.7%

Shares of CRWD stock opened at $467.65 on Wednesday. The company has a 50 day moving average of $419.44 and a 200-day moving average of $389.69. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $491.20. The firm has a market cap of $115.92 billion, a P/E ratio of 916.98, a PEG ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm earned $0.93 EPS. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

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.