SVB Wealth LLC Has $1.21 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SVB Wealth LLC trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 31.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,767 shares of the company’s stock after selling 1,692 shares during the period. SVB Wealth LLC’s holdings in CrowdStrike were worth $1,208,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after purchasing an additional 315,280 shares during the last quarter. Jennison Associates LLC boosted its stake in CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after acquiring an additional 1,581,796 shares during the last quarter. Norges Bank acquired a new stake in CrowdStrike during the 4th quarter worth $683,336,000. First Trust Advisors LP raised its position in shares of CrowdStrike by 19.3% during the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after acquiring an additional 358,945 shares during the last quarter. Finally, Pathstone Holdings LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at $450,418,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Truist Financial decreased their target price on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Piper Sandler cut their target price on shares of CrowdStrike from $400.00 to $310.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. BMO Capital Markets decreased their price target on shares of CrowdStrike from $425.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Morgan Stanley dropped their price objective on CrowdStrike from $396.00 to $360.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, FBN Securities raised CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $354.39.

CrowdStrike Stock Performance

NASDAQ CRWD traded down $24.15 during trading on Tuesday, reaching $234.66. The company’s stock had a trading volume of 9,949,575 shares, compared to its average volume of 5,115,625. CrowdStrike Holdings, Inc. has a 12 month low of $140.52 and a 12 month high of $398.33. The firm has a 50 day moving average price of $352.36 and a 200 day moving average price of $326.49. The firm has a market capitalization of $57.11 billion, a price-to-earnings ratio of 451.25, a price-to-earnings-growth ratio of 13.09 and a beta of 1.10. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $904.82 million. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the sale, the insider now directly owns 183,091 shares in the company, valued at approximately $67,985,350.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The disclosure for this sale can be found here. Insiders sold a total of 219,675 shares of company stock worth $76,931,522 in the last three months. 4.34% 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.