KRS Capital Management LLC Grows Holdings 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, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,805 shares of the company’s stock after purchasing an additional 155 shares during the period. CrowdStrike comprises about 1.0% of KRS Capital Management LLC’s investment portfolio, making the stock its 22nd largest position. KRS Capital Management LLC’s holdings in CrowdStrike were worth $1,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. CVA Family Office LLC acquired a new position in shares of CrowdStrike during the 4th quarter valued at about $26,000. Hexagon Capital Partners LLC acquired a new stake in CrowdStrike during the 4th quarter worth approximately $26,000. Future Financial Wealth Managment LLC acquired a new stake in CrowdStrike during the 1st quarter worth approximately $32,000. Bear Mountain Capital Inc. acquired a new stake in CrowdStrike during the 4th quarter worth approximately $27,000. Finally, Riverview Trust Co acquired a new stake in CrowdStrike during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the stock in a transaction on 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 in the company, valued at approximately $156,502,114.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike 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 transaction, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michael Sentonas sold 10,735 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares in the company, valued at approximately $156,502,114.58. The disclosure for this sale can be found here. Insiders have sold 283,675 shares of company stock worth $95,985,272 in the last 90 days. Company insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CRWD. Rosenblatt Securities increased their target price on shares of CrowdStrike from $415.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Evercore ISI increased their price objective on shares of CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Friday, June 21st. Scotiabank lowered their price objective on shares of CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating for the company in a research report on Wednesday, June 5th. Finally, Wedbush lowered their price objective on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating for the company in a research report on Wednesday, June 5th. 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $380.62.

CrowdStrike Trading Down 1.1 %

NASDAQ CRWD opened at $383.19 on Friday. The company has a market cap of $93.25 billion, a PE ratio of 723.01, a PEG ratio of 19.52 and a beta of 1.08. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike Holdings, Inc. has a 12 month low of $139.37 and a 12 month high of $394.64. The stock has a 50 day moving average of $341.55 and a 200-day moving average of $313.47.

CrowdStrike (NASDAQ:CRWD) last released 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). 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. On average, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

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.