Reliant Investment Management LLC Has $8.11 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Reliant Investment Management LLC lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 25,283 shares of the company’s stock after selling 603 shares during the quarter. CrowdStrike makes up about 3.8% of Reliant Investment Management LLC’s holdings, making the stock its 2nd largest holding. Reliant Investment Management LLC’s holdings in CrowdStrike were worth $8,105,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC bought a new position in CrowdStrike in the fourth quarter worth about $26,000. Hexagon Capital Partners LLC bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $26,000. Silver Oak Securities Incorporated purchased a new stake in CrowdStrike during the third quarter valued at approximately $27,000. Bear Mountain Capital Inc. acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $27,000. Finally, Johnson Financial Group Inc. purchased a new position in CrowdStrike in the fourth quarter worth $31,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

CrowdStrike stock traded down $4.10 during trading on Friday, reaching $383.19. The company had a trading volume of 8,480,459 shares, compared to its average volume of 8,199,314. The firm has a market capitalization of $93.25 billion, a PE ratio of 723.01, a price-to-earnings-growth ratio of 19.52 and a beta of 1.08. The firm’s 50-day simple moving average is $341.55 and its 200 day simple moving average is $313.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike Holdings, Inc. has a 1-year low of $139.37 and a 1-year high of $394.64.

CrowdStrike (NASDAQ:CRWD) last announced its 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 analyst estimates of $904.82 million. As a group, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several analysts have recently commented on CRWD shares. Wedbush decreased their price objective on CrowdStrike from $390.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Barclays raised their price target on CrowdStrike from $340.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Truist Financial upped their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Canaccord Genuity Group lifted their target price on shares of CrowdStrike from $400.00 to $405.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Finally, Piper Sandler restated an “overweight” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Wednesday, June 5th. One research analyst has rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has an average rating of “Buy” and an average target price of $380.62.

About CrowdStrike

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.