Kesler Norman & Wride LLC Grows Position in CrowdStrike (NASDAQ:CRWD)

Kesler Norman & Wride LLC raised its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 68.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,507 shares of the company's stock after purchasing an additional 1,022 shares during the quarter. Kesler Norman & Wride LLC's holdings in CrowdStrike were worth $884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike in the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC lifted its position in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares during the last quarter. Finally, Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 10,714 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $469.49, for a total value of $5,030,115.86. Following the transaction, the chief financial officer directly owned 239,008 shares in the company, valued at approximately $112,211,865.92. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 11,527 shares of the firm's stock in a transaction 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 sale, the president owned 410,677 shares in the company, valued at $193,511,002.40. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,821 shares of company stock valued at $118,672,681 over the last three months. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Trading Down 1.8%

CrowdStrike stock traded down $8.66 during trading hours on Friday, reaching $478.45. 3,377,761 shares of the company's stock were exchanged, compared to its average volume of 4,771,281. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm's 50 day simple moving average is $470.20 and its 200 day simple moving average is $410.72. The firm has a market capitalization of $119.25 billion, a PE ratio of -693.41 and a beta of 1.16. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping 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 analysts' expectations of $1.11 billion. During the same quarter last year, the firm earned $0.93 EPS. The company's quarterly revenue was up 19.8% compared to the same quarter last year. Research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Evercore ISI reaffirmed an "in-line" rating and issued a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Susquehanna upped their price target on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a report on Wednesday, June 4th. Barclays set a $500.00 price target on CrowdStrike in a report on Tuesday, June 3rd. Royal Bank Of Canada upped their price target on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Oppenheimer upped their price target on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $456.29.

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.