Commonwealth Equity Services LLC Sells 9,443 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Commonwealth Equity Services LLC lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,289 shares of the company’s stock after selling 9,443 shares during the period. Commonwealth Equity Services LLC’s holdings in CrowdStrike were worth $16,661,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. bought a new position in CrowdStrike during the fourth quarter worth about $28,000. Lindbrook Capital LLC boosted its holdings in CrowdStrike by 107.7% during the fourth quarter. Lindbrook Capital LLC now owns 135 shares of the company’s stock worth $29,000 after buying an additional 70 shares during the last quarter. Ellevest Inc. bought a new position in CrowdStrike during the first quarter worth about $27,000. NewSquare Capital LLC boosted its holdings in CrowdStrike by 200.0% during the fourth quarter. NewSquare Capital LLC now owns 150 shares of the company’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Finally, Front Row Advisors LLC bought a new position in CrowdStrike during the first quarter worth about $27,000. Hedge funds and other institutional investors own 60.00% of the company’s stock.

Shares of CrowdStrike stock opened at $190.64 on Monday. The company has a market cap of $42.68 billion, a PE ratio of -397.16 and a beta of 1.32. CrowdStrike Holdings, Inc. has a 52 week low of $71.51 and a 52 week high of $251.28. The business has a 50 day moving average price of $199.60 and a 200-day moving average price of $193.96.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Monday, March 15th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The firm had revenue of $264.90 million during the quarter, compared to the consensus estimate of $250.56 million. CrowdStrike had a negative return on equity of 12.79% and a negative net margin of 13.40%. The company’s quarterly revenue was up 74.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.02) earnings per share. Equities analysts expect that CrowdStrike Holdings, Inc. will post -0.37 EPS for the current fiscal year.

In other CrowdStrike news, insider Michael J. Carpenter sold 33,027 shares of the firm’s stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of $218.28, for a total value of $7,209,133.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Abhishek Maheshwari sold 2,385 shares of the firm’s stock in a transaction on Monday, March 22nd. The stock was sold at an average price of $191.90, for a total value of $457,681.50. The disclosure for this sale can be found here. Insiders have sold 367,433 shares of company stock valued at $75,768,511 over the last ninety days. 11.32% of the stock is currently owned by company insiders.

A number of equities research analysts have recently commented on CRWD shares. Zacks Investment Research lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $218.00 price target on the stock. in a research report on Thursday, March 18th. Oppenheimer raised their price target on CrowdStrike from $190.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 23rd. Stifel Nicolaus started coverage on CrowdStrike in a research report on Wednesday, February 17th. They set a “hold” rating and a $240.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on CrowdStrike in a research report on Wednesday, April 21st. They set a “buy” rating and a $265.00 price target on the stock. Finally, Mizuho dropped their price target on CrowdStrike from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. CrowdStrike presently has an average rating of “Buy” and a consensus target price of $231.52.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cloud-delivered solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. It offers 19 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

Read More: What is Considered a Good Return on Equity (ROE)?

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.