InterOcean Capital Group LLC Has $659,000 Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

InterOcean Capital Group LLC raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.0% in the 1st quarter, Holdings Channel reports. The firm owned 2,056 shares of the company’s stock after acquiring an additional 60 shares during the period. InterOcean Capital Group LLC’s holdings in CrowdStrike were worth $659,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CRWD. Whittier Trust Co. raised its position in CrowdStrike by 161.1% during the fourth quarter. Whittier Trust Co. now owns 543 shares of the company’s stock valued at $139,000 after purchasing an additional 335 shares in the last quarter. Premier Path Wealth Partners LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $218,000. Mutual Advisors LLC raised its position in CrowdStrike by 20.4% during the fourth quarter. Mutual Advisors LLC now owns 3,893 shares of the company’s stock valued at $994,000 after purchasing an additional 660 shares in the last quarter. HB Wealth Management LLC raised its position in CrowdStrike by 40.9% during the fourth quarter. HB Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $621,000 after purchasing an additional 706 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA raised its position in CrowdStrike by 3.1% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,645 shares of the company’s stock valued at $420,000 after purchasing an additional 50 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Down 1.5 %

Shares of NASDAQ CRWD traded down $3.99 during trading on Thursday, hitting $254.15. 10,493,102 shares of the company traded hands, compared to its average volume of 5,012,025. The business’s fifty day moving average is $357.65 and its 200 day moving average is $326.53. CrowdStrike Holdings, Inc. has a fifty-two week low of $140.52 and a fifty-two week high of $398.33. The firm has a market capitalization of $61.85 billion, a price-to-earnings ratio of 483.78, a P/E/G ratio of 13.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CRWD shares. Canaccord Genuity Group reiterated a “buy” rating and set a $405.00 price target on shares of CrowdStrike in a report on Monday. Truist Financial lowered their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a report on Tuesday. BMO Capital Markets lowered their price target on shares of CrowdStrike from $425.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Royal Bank of Canada lowered their price target on shares of CrowdStrike from $420.00 to $380.00 and set an “outperform” rating for the company in a report on Monday. Finally, Wells Fargo & Company lowered their price target on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $359.16.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total value of $17,131,890.39. Following the sale, the chief executive officer now owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the sale, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. The disclosure for this sale can be found here. Insiders have sold 219,675 shares of company stock worth $76,931,522 in the last quarter. Insiders own 4.34% of the company’s stock.

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.