CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Fourpath Capital Management LLC

Fourpath Capital Management LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,469 shares of the company’s stock after selling 137 shares during the period. Fourpath Capital Management LLC’s holdings in CrowdStrike were worth $518,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRWD. FSA Wealth Management LLC increased its position in shares of CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after purchasing an additional 23 shares in the last quarter. Jacobi Capital Management LLC increased its position in shares of CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after purchasing an additional 27 shares in the last quarter. Wintrust Investments LLC increased its position in shares of CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after purchasing an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC increased its position in shares of CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after purchasing an additional 30 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Price Performance

CRWD stock opened at $464.39 on Tuesday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $491.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock’s 50 day moving average price is $417.04 and its 200 day moving average price is $389.15. The firm has a market cap of $115.11 billion, a P/E ratio of 910.59, 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, beating analysts’ consensus estimates of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $0.93 EPS. CrowdStrike’s revenue was up 19.8% on a year-over-year basis. On average, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CRWD has been the topic of a number of research analyst reports. Stephens lifted their target price on CrowdStrike from $450.00 to $540.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Morgan Stanley boosted their price target on CrowdStrike from $455.00 to $490.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Robert W. Baird dropped their price target on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. BMO Capital Markets boosted their price target on CrowdStrike from $405.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Finally, Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $450.43.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $484.59, for a total value of $3,028,687.50. Following the completion of the transaction, the director now directly owns 755,592 shares in the company, valued at approximately $366,152,327.28. The trade was a 0.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total value of $4,890,000.00. Following the completion of the transaction, the director now owns 29,500 shares of the company’s stock, valued at $14,425,500. This trade represents a 25.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 211,681 shares of company stock valued at $87,081,236. 3.32% of the stock is owned by corporate insiders.

CrowdStrike 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.