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

KRS Capital Management LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,845 shares of the company’s stock after purchasing an additional 105 shares during the quarter. CrowdStrike comprises 0.9% of KRS Capital Management LLC’s holdings, making the stock its 22nd biggest position. KRS Capital Management LLC’s holdings in CrowdStrike were worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter valued at about $25,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike in the third quarter valued at approximately $28,000. Fortitude Family Office LLC raised its stake in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the period. Tsfg LLC grew its stake in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Finally, Castleview Partners LLC purchased a new stake in CrowdStrike during the 3rd quarter worth approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,351 shares of company stock valued at $38,935,113. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

Shares of CRWD traded down $6.38 during mid-day trading on Friday, hitting $357.00. The company’s stock had a trading volume of 5,025,151 shares, compared to its average volume of 2,670,549. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The stock’s 50-day moving average is $355.86 and its two-hundred day moving average is $312.92. The firm has a market capitalization of $87.93 billion, a PE ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Bank of America boosted their target price on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI upped their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Susquehanna upped their target price on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th. Needham & Company LLC boosted their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Citigroup raised their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $366.38.

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.