Blue Zone Wealth Advisors LLC Cuts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Blue Zone Wealth Advisors LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,623 shares of the company’s stock after selling 1,633 shares during the quarter. CrowdStrike comprises 2.3% of Blue Zone Wealth Advisors LLC’s holdings, making the stock its 8th biggest position. Blue Zone Wealth Advisors LLC’s holdings in CrowdStrike were worth $6,753,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Hexagon Capital Partners LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth about $26,000. Bear Mountain Capital Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $27,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at approximately $30,000. Johnson Financial Group Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $31,000. Finally, Northwest Bank & Trust Co acquired a new position in CrowdStrike during the fourth quarter worth $32,000. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRWD. Truist Financial cut their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Wedbush reissued an “outperform” rating and set a $315.00 price target on shares of CrowdStrike in a research report on Friday. Royal Bank of Canada lowered their price target on CrowdStrike from $420.00 to $380.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Robert W. Baird cut their price objective on CrowdStrike from $350.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, July 23rd. Finally, FBN Securities raised shares of CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $348.61.

CrowdStrike Price Performance

CrowdStrike stock traded up $0.38 during trading hours on Friday, reaching $240.90. 5,938,890 shares of the stock were exchanged, compared to its average volume of 5,446,563. 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 Holdings, Inc. has a twelve month low of $140.52 and a twelve month high of $398.33. The company has a market cap of $58.63 billion, a P/E ratio of 454.53, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The stock has a 50 day moving average of $332.51 and a two-hundred day moving average of $322.63.

CrowdStrike (NASDAQ:CRWD) last posted 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 return on equity of 7.39% and a net margin of 4.01%. The firm had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. Equities analysts expect that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,662 shares of the firm’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 value of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total value of $1,334,080.00. Following the completion of the transaction, the insider now owns 204,961 shares of the company’s stock, valued at $68,358,592.72. The disclosure for this sale can be found here. Insiders sold a total of 147,643 shares of company stock worth $54,992,604 in the last ninety days. 4.34% of the stock is owned by insiders.

CrowdStrike Company 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.