Saxony Capital Management LLC Sells 44 Shares of CrowdStrike (NASDAQ:CRWD)

Saxony Capital Management LLC cut its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 6.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 667 shares of the company’s stock after selling 44 shares during the period. Saxony Capital Management LLC’s holdings in CrowdStrike were worth $235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Golden State Equity Partners lifted its stake in CrowdStrike by 3.5% during the first quarter. Golden State Equity Partners now owns 1,677 shares of the company’s stock worth $591,000 after purchasing an additional 56 shares during the last quarter. Global Assets Advisory LLC bought a new stake in CrowdStrike during the first quarter worth $272,000. Moran Wealth Management LLC bought a new stake in CrowdStrike during the first quarter worth $289,000. International Assets Investment Management LLC lifted its stake in CrowdStrike by 6.8% during the first quarter. International Assets Investment Management LLC now owns 3,965 shares of the company’s stock worth $1,398,000 after purchasing an additional 251 shares during the last quarter. Finally, Proactive Wealth Strategies LLC lifted its stake in CrowdStrike by 27.8% during the first quarter. Proactive Wealth Strategies LLC now owns 2,894 shares of the company’s stock worth $1,020,000 after purchasing an additional 630 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Down 1.3%

Shares of NASDAQ:CRWD opened at $485.38 on Wednesday. The business’s 50 day simple moving average is $444.73 and its two-hundred day simple moving average is $398.54. The firm has a market cap of $120.98 billion, a P/E ratio of -703.45 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $494.30.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several recent research reports. Barclays set a $500.00 price objective on CrowdStrike in a report on Tuesday, June 3rd. Stifel Nicolaus upped their target price on CrowdStrike from $480.00 to $495.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Oppenheimer upped their target price on CrowdStrike from $410.00 to $520.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Wedbush upped their target price on CrowdStrike from $475.00 to $525.00 and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $453.17.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 768,092 shares of the company’s stock, valued at approximately $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerhard Watzinger sold 2,600 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $378.93, for a total value of $985,218.00. Following the sale, the director now directly owns 60,291 shares of the company’s stock, valued at $22,846,068.63. The trade was a 4.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,060 shares of company stock valued at $87,750,868 over the last ninety days. 3.32% of the stock is currently 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.