CrowdStrike (NASDAQ:CRWD) Shares Sold by KG&L Capital Management LLC

KG&L Capital Management LLC cut its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 52.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,165 shares of the company's stock after selling 2,381 shares during the period. KG&L Capital Management LLC's holdings in CrowdStrike were worth $763,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CRWD. Norges Bank acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. GAMMA Investing LLC grew its holdings in CrowdStrike by 50,536.2% during the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after buying an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC increased its position in CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after buying an additional 1,017,678 shares in the last quarter. Raymond James Financial Inc. purchased a new position in CrowdStrike in the 4th quarter valued at about $237,375,000. Finally, Voya Investment Management LLC grew its holdings in shares of CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after buying an additional 582,471 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

Shares of CRWD opened at $494.09 on Thursday. The firm has a fifty day moving average of $447.02 and a 200-day moving average of $399.20. The company has a market cap of $123.15 billion, a price-to-earnings ratio of -716.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $500.41.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.93 EPS. CrowdStrike's quarterly revenue was up 19.8% compared to the same quarter last year. As a group, equities analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 2,227 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $471.20, for a total value of $1,049,362.40. Following the completion of the transaction, the chief accounting officer now owns 43,019 shares in the company, valued at $20,270,552.80. This represents a 4.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Michael Sentonas sold 11,527 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total transaction of $5,431,522.40. Following the completion of the sale, the president now directly owns 410,677 shares of the company's stock, valued at approximately $193,511,002.40. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 240,821 shares of company stock valued at $108,501,609 in the last three months. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. UBS Group reiterated a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Canaccord Genuity Group restated a "hold" rating and issued a $475.00 target price (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. JPMorgan Chase & Co. increased their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, Mizuho boosted their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $453.88.

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.

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