Octavia Wealth Advisors LLC Lowers Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Octavia Wealth Advisors LLC decreased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,685 shares of the company’s stock after selling 354 shares during the period. Octavia Wealth Advisors LLC’s holdings in CrowdStrike were worth $594,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CRWD. Primoris Wealth Advisors LLC bought a new position in CrowdStrike during the 4th quarter valued at $2,166,000. Arcadia Investment Management Corp MI raised its holdings in shares of CrowdStrike by 30.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after purchasing an additional 2,814 shares during the last quarter. Trifecta Capital Advisors LLC lifted its position in shares of CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after purchasing an additional 8,561 shares in the last quarter. Delta Financial Group Inc. purchased a new position in CrowdStrike during the fourth quarter worth about $336,000. Finally, Marshall Investment Management LLC bought a new stake in CrowdStrike in the 4th quarter worth about $2,494,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the transaction, the insider now owns 89,714 shares of the company’s stock, valued at $31,669,042. The trade was a 4.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 211,681 shares of company stock worth $87,081,236. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Trading Up 1.2%

Shares of CrowdStrike stock opened at $468.41 on Monday. The company’s 50-day moving average price is $415.18 and its 200-day moving average price is $388.50. The company has a current ratio of 1.86, a quick 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 company has a market cap of $116.11 billion, a price-to-earnings ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America reissued a “neutral” rating and set a $470.00 target price (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. UBS Group reiterated a “buy” rating on shares of CrowdStrike in a report on Tuesday, June 3rd. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Thursday. Roth Capital raised their target price on CrowdStrike from $410.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Finally, Cantor Fitzgerald lifted their target price on CrowdStrike from $440.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $450.43.

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.