Kentucky Retirement Systems Insurance Trust Fund Makes New $2.36 Million Investment in CrowdStrike (NASDAQ:CRWD)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,693 shares of the company's stock, valued at approximately $2,360,000.

Other hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. increased its stake in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after acquiring an additional 73 shares during the period. Sound Income Strategies LLC increased its stake in shares of CrowdStrike by 77.6% in the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after acquiring an additional 38 shares during the period. Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter worth $34,000. Millstone Evans Group LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $34,000. Finally, ST Germain D J Co. Inc. increased its stake in shares of CrowdStrike by 426.3% in the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,768 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total value of $869,449.36. Following the transaction, the chief accounting officer now owns 41,251 shares in the company, valued at approximately $20,286,004.27. This trade represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michael Sentonas sold 11,527 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were 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 $193,511,002.40. This trade represents a 2.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 240,821 shares of company stock worth $108,501,609. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded up $8.71 on Wednesday, reaching $494.09. 2,951,905 shares of the company were exchanged, compared to its average volume of 4,797,633. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $500.15. The firm 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 50-day moving average of $444.73 and a 200-day moving average of $398.54.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion for 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 firm's revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 EPS. Equities analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CRWD shares. Needham & Company LLC increased their price objective on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wedbush increased their price objective on shares of CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. DZ Bank downgraded shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective on the stock. in a report on Thursday, May 22nd. BMO Capital Markets increased their price objective on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Scotiabank increased their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a report 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $453.17.

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.