Keeler Thomas Management LLC Cuts Position in CrowdStrike (NASDAQ:CRWD)

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

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of CrowdStrike by 4.1% during the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after purchasing an additional 908,554 shares in the last quarter. Jennison Associates LLC grew its stake in CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after buying an additional 1,144,295 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in CrowdStrike by 39.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock worth $939,747,000 after buying an additional 760,222 shares during the last quarter. Northern Trust Corp increased its position in CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after buying an additional 324,136 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in CrowdStrike by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,938,331 shares of the company's stock valued at $663,221,000 after buying an additional 206,159 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of research analyst reports. Mizuho boosted their price target on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Rosenblatt Securities boosted their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Raymond James Financial restated an "outperform" rating and set a $485.00 price target (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Royal Bank Of Canada lifted their price objective on shares of CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $495.00 price objective (up from $490.00) on shares of CrowdStrike in a report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $461.17.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $451.69 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a fifty day moving average of $478.55 and a 200 day moving average of $424.30. The firm has a market cap of $112.58 billion, a PE ratio of -654.62 and a beta of 1.13. CrowdStrike has a one year low of $229.72 and a one year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. As a group, research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the completion of the transaction, the chief financial officer directly owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is owned by corporate insiders.

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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