KRS Capital Management LLC Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

KRS Capital Management LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.2% during the first quarter, Holdings Channel reports. The firm owned 3,805 shares of the company’s stock after buying an additional 155 shares during the quarter. CrowdStrike comprises 1.0% of KRS Capital Management LLC’s portfolio, making the stock its 22nd largest holding. KRS Capital Management LLC’s holdings in CrowdStrike were worth $1,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC purchased a new stake in shares of CrowdStrike during the first quarter worth $244,000. Register Financial Advisors LLC purchased a new stake in shares of CrowdStrike during the first quarter worth $127,000. Howard Financial Services LTD. acquired a new position in shares of CrowdStrike during the first quarter worth $202,000. GuoLine Advisory Pte Ltd acquired a new position in shares of CrowdStrike during the first quarter worth $26,320,000. Finally, Investment Partners LTD. acquired a new position in shares of CrowdStrike during the first quarter worth $524,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, CEO George Kurtz sold 56,279 shares of CrowdStrike 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 sale, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total value 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 approximately $348,868,471.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 283,675 shares of company stock valued at $95,985,272. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 1.1 %

Shares of CRWD opened at $383.19 on Friday. The firm has a market cap 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 company’s fifty day moving average is $341.55 and its two-hundred day moving average is $313.47. CrowdStrike Holdings, Inc. has a fifty-two week low of $139.37 and a fifty-two week high of $394.64. 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 (NASDAQ:CRWD) last issued its earnings results 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 business had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. BTIG Research lowered their target price on shares of CrowdStrike from $432.00 to $402.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. JMP Securities reiterated a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Tuesday, May 14th. Wedbush decreased their price objective on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, June 5th. FBN Securities upgraded shares of CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. Finally, Susquehanna upped their price objective on shares of CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a research note on Thursday, March 7th. One equities research 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.com, the company presently has an average rating of “Buy” and an average price target of $380.62.

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.