Independence Bank of Kentucky Sells 275 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Independence Bank of Kentucky cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,359 shares of the company’s stock after selling 275 shares during the period. Independence Bank of Kentucky’s holdings in CrowdStrike were worth $756,000 at the end of the most recent reporting period.

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

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $383.19 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $93.25 billion, a P/E ratio of 723.01, a P/E/G ratio of 19.52 and a beta of 1.08. The business has a fifty day simple moving average of $341.55 and a two-hundred day simple moving average of $313.93. CrowdStrike Holdings, Inc. has a 12 month low of $139.37 and a 12 month high of $394.64.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRWD. UBS Group upped their price objective on shares of CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Friday, June 21st. BMO Capital Markets decreased their price objective on shares of CrowdStrike from $425.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 5th. HSBC upped their price objective on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Susquehanna upped their price objective on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $380.62.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the completion of the transaction, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 283,675 shares of company stock valued at $95,985,272. 4.34% of the stock is currently owned by company 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.