CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,412 shares of the company’s stock after selling 397 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in CrowdStrike were worth $1,414,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. First Affirmative Financial Network raised its position in CrowdStrike by 8.9% during the 1st quarter. First Affirmative Financial Network now owns 884 shares of the company’s stock worth $283,000 after buying an additional 72 shares during the last quarter. RFG Advisory LLC raised its position in CrowdStrike by 15.5% during the 1st quarter. RFG Advisory LLC now owns 3,426 shares of the company’s stock worth $1,098,000 after buying an additional 461 shares during the last quarter. BTC Capital Management Inc. purchased a new position in CrowdStrike during the 1st quarter worth $9,914,000. First Community Trust NA purchased a new position in CrowdStrike during the 1st quarter worth $152,000. Finally, Wedmont Private Capital raised its position in CrowdStrike by 5.6% during the 1st quarter. Wedmont Private Capital now owns 3,951 shares of the company’s stock worth $1,228,000 after buying an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,786 shares of CrowdStrike stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total value of $592,094.72. Following the completion of the sale, the chief accounting officer now owns 34,350 shares in the company, valued at $11,387,712. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of CrowdStrike stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total value of $592,094.72. Following the completion of the transaction, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at $11,387,712. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the transaction, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 182,742 shares of company stock worth $57,672,688. Insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CRWD. JMP Securities restated a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Tuesday, May 14th. Robert W. Baird increased their price target on shares of CrowdStrike from $281.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. KeyCorp cut their price target on shares of CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. TD Cowen increased their price target on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, Oppenheimer increased their price target on shares of CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $380.62.

CrowdStrike Trading Down 0.4 %

CRWD opened at $380.63 on Friday. The firm has a market capitalization of $92.63 billion, a P/E ratio of 718.18, a P/E/G ratio of 19.09 and a beta of 1.08. The firm’s 50 day moving average is $332.62 and its 200-day moving average is $309.05. CrowdStrike Holdings, Inc. has a 52-week low of $139.37 and a 52-week high of $394.64. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

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.