WD Rutherford LLC Has $5.62 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

WD Rutherford LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,543 shares of the company’s stock after selling 963 shares during the period. CrowdStrike makes up 2.9% of WD Rutherford LLC’s portfolio, making the stock its 5th largest position. WD Rutherford LLC’s holdings in CrowdStrike were worth $5,624,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp purchased a new position in shares of CrowdStrike during the fourth quarter valued at about $1,228,000. Financial Counselors Inc. increased its position in shares of CrowdStrike by 3.9% during the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after buying an additional 50 shares during the period. Ferguson Wellman Capital Management Inc. increased its position in shares of CrowdStrike by 17.1% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock valued at $40,647,000 after buying an additional 23,265 shares during the period. Highland Capital Management LLC grew its holdings in CrowdStrike by 0.6% in the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after purchasing an additional 181 shares during the period. Finally, Sara Bay Financial purchased a new stake in CrowdStrike in the fourth quarter worth about $255,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

CrowdStrike stock traded down $4.10 during mid-day trading on Friday, reaching $383.19. 8,480,459 shares of the company traded hands, compared to its average volume of 8,199,314. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. CrowdStrike Holdings, Inc. has a fifty-two week low of $139.37 and a fifty-two week high of $394.64. The company has a market capitalization of $93.25 billion, a price-to-earnings ratio of 723.01, a price-to-earnings-growth ratio of 19.52 and a beta of 1.08. The firm’s fifty day moving average is $341.55 and its two-hundred day moving average is $313.47.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. On average, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Mizuho cut their price objective on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. FBN Securities upgraded shares of CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. JMP Securities reiterated a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research note on Tuesday, May 14th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 target price on shares of CrowdStrike in a research note on Friday, June 21st. Finally, Macquarie reiterated an “outperform” rating and issued a $370.00 target price on shares of CrowdStrike in a research note on Tuesday, March 19th. One analyst has rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $380.62.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 64,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $316.48, for a total value of $20,254,720.00. Following the sale, the chief financial officer now owns 306,508 shares in the company, valued at $97,003,651.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Burt W. Podbere sold 64,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $316.48, for a total transaction of $20,254,720.00. Following the sale, the chief financial officer now directly owns 306,508 shares of the company’s stock, valued at $97,003,651.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 56,279 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at $348,868,471.68. The disclosure for this sale can be found here. Insiders have sold 283,675 shares of company stock worth $95,985,272 over the last 90 days. 4.34% of the stock is currently owned by company 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.