CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Bernard Wealth Management Corp.

Bernard Wealth Management Corp. trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,015 shares of the company’s stock after selling 34 shares during the period. CrowdStrike accounts for 1.0% of Bernard Wealth Management Corp.’s holdings, making the stock its 21st biggest position. Bernard Wealth Management Corp.’s holdings in CrowdStrike were worth $2,121,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CRWD. Brighton Jones LLC lifted its holdings in CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Savant Capital LLC lifted its holdings in CrowdStrike by 9.6% during the fourth quarter. Savant Capital LLC now owns 2,821 shares of the company’s stock valued at $965,000 after purchasing an additional 247 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new position in CrowdStrike during the fourth quarter valued at $204,000. Catalyst Financial Partners LLC lifted its holdings in CrowdStrike by 24.5% during the fourth quarter. Catalyst Financial Partners LLC now owns 1,037 shares of the company’s stock valued at $355,000 after purchasing an additional 204 shares in the last quarter. Finally, Bogart Wealth LLC lifted its holdings in CrowdStrike by 27.4% during the fourth quarter. Bogart Wealth LLC now owns 740 shares of the company’s stock valued at $253,000 after purchasing an additional 159 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 0.2%

Shares of CRWD stock opened at $480.62 on Friday. 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 has a market capitalization of $119.13 billion, a P/E ratio of 942.41, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The company has a 50 day moving average price of $428.81 and a 200 day moving average price of $391.91. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 earnings per share. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the transaction, the director now owns 768,092 shares in the company, valued at $248,984,702.72. The trade was a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Michael Sentonas sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president now owns 422,204 shares of the company’s stock, valued at $201,391,308. This trade represents a 5.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 252,361 shares of company stock worth $106,359,058 in the last 90 days. Corporate insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CRWD shares. Mizuho increased their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the company a “neutral” rating in a report on Wednesday, June 4th. The Goldman Sachs Group raised their price target on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday. Evercore ISI reissued an “in-line” rating and issued a $440.00 price target (down from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Bank of America reissued a “neutral” rating and issued a $470.00 price target (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Needham & Company LLC raised their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. 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, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $453.17.

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.