Gamco Investors INC. ET AL Sells 9,774 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gamco Investors INC. ET AL trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 41.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,597 shares of the company’s stock after selling 9,774 shares during the period. Gamco Investors INC. ET AL’s holdings in CrowdStrike were worth $4,359,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWD. CVA Family Office LLC bought a new position in CrowdStrike during the fourth quarter valued at about $26,000. Hexagon Capital Partners LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $26,000. Bear Mountain Capital Inc. bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $27,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike in the 1st quarter valued at approximately $30,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $31,000. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction that occurred on 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 sale, the president now owns 411,166 shares in the company, valued at approximately $156,502,114.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the completion of the transaction, the insider now directly owns 204,961 shares in the company, valued at approximately $68,358,592.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Michael Sentonas sold 10,735 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following 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. Over the last three months, insiders sold 219,675 shares of company stock worth $76,931,522. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Trading Up 0.8 %

Shares of CRWD traded up $2.01 during trading hours on Friday, reaching $256.16. The stock had a trading volume of 9,584,374 shares, compared to its average volume of 10,010,274. 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 Holdings, Inc. has a 52 week low of $140.52 and a 52 week high of $398.33. The firm has a 50-day moving average of $354.16 and a 200 day moving average of $326.36. The company has a market cap of $62.34 billion, a P/E ratio of 483.33, a P/E/G ratio of 13.09 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 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 firm had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. On average, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Oppenheimer upped their price objective on CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, June 5th. Robert W. Baird lowered their price objective on CrowdStrike from $350.00 to $335.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 23rd. Scotiabank lowered CrowdStrike from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $393.00 to $300.00 in a research note on Monday, July 22nd. Needham & Company LLC reissued a “buy” rating and issued a $425.00 target price on shares of CrowdStrike in a report on Wednesday, June 5th. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $359.16.

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.