Keeler Thomas Management LLC Has $2.24 Million Position in CrowdStrike (NASDAQ:CRWD)

Key Points

• Keeler Thomas Management LLC reduced its stake in CrowdStrike by 55.0%, owning 6,353 shares after selling 7,764 shares, making it the 29th largest position in their portfolio.
• Other hedge funds have increased their positions in CrowdStrike, with Vanguard Group Inc. increasing by 4.1% and Goldman's investment rising by 39.9% during the same period.
• CrowdStrike's recent earnings report showed EPS of $0.73, surpassing analysts' estimates, while revenue grew by 19.8% year-over-year, yet still fell short of expectations.

Keeler Thomas Management LLC lowered its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 55.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,353 shares of the company's stock after selling 7,764 shares during the quarter. CrowdStrike accounts for approximately 1.1% of Keeler Thomas Management LLC's investment portfolio, making the stock its 29th largest position. Keeler Thomas Management LLC's holdings in CrowdStrike were worth $2,240,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after purchasing an additional 908,554 shares during the period. Jennison Associates LLC boosted its position in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of CrowdStrike by 39.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock valued at $939,747,000 after purchasing an additional 760,222 shares during the period. Northern Trust Corp boosted its position in shares of CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after purchasing an additional 324,136 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in CrowdStrike by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,938,331 shares of the company's stock worth $663,221,000 after acquiring an additional 206,159 shares during the period. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $0.51 during trading on Friday, hitting $424.49. 3,626,057 shares of the stock were exchanged, compared to its average volume of 2,718,355. CrowdStrike has a 1-year low of $235.60 and a 1-year high of $517.98. The company has a market capitalization of $105.80 billion, a price-to-earnings ratio of -615.20 and a beta of 1.13. The company's fifty day simple moving average is $477.04 and its 200-day simple moving average is $425.50. 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 (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned $0.93 EPS. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. Sell-side analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CRWD. Royal Bank Of Canada raised their price objective on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Jefferies Financial Group raised their price objective on CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. The Goldman Sachs Group raised their price objective on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. DA Davidson raised their price objective on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Cantor Fitzgerald raised their price objective on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $461.17.

Insiders Place Their Bets

In related news, Director Roxanne S. Austin sold 9,447 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the sale, the director owned 18,858 shares of the company's stock, valued at $9,667,553.70. The trade was a 33.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $447.09, for a total value of $2,794,312.50. Following the completion of the sale, the director directly owned 774,761 shares in the company, valued at approximately $346,387,895.49. This represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,414 shares of company stock worth $101,484,738 over the last quarter. Corporate insiders own 3.32% of the company's stock.

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.