Kessler Investment Group LLC Purchases New Stake in CrowdStrike (NASDAQ:CRWD)

Kessler Investment Group LLC acquired a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,520 shares of the company's stock, valued at approximately $9,350,000. CrowdStrike accounts for approximately 4.6% of Kessler Investment Group LLC's holdings, making the stock its 3rd largest position.

A number of other hedge funds have also added to or reduced their stakes in CRWD. E Fund Management Hong Kong Co. Ltd. grew its holdings in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of CrowdStrike by 77.6% in 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 period. Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. Finally, ST Germain D J Co. Inc. increased its holdings in CrowdStrike by 426.3% during the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after buying an additional 81 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CRWD shares. JPMorgan Chase & Co. upped their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Piper Sandler boosted their price objective on shares of CrowdStrike from $400.00 to $505.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Needham & Company LLC increased their target price on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Barclays set a $500.00 target price on shares of CrowdStrike in a research note on Tuesday, June 3rd. Finally, Susquehanna upped their price target on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and an average price target of $453.88.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $5.89 during trading on Friday, hitting $499.33. 3,464,614 shares of the stock traded hands, compared to its average volume of 4,797,111. 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 company has a fifty day moving average price of $452.08 and a two-hundred day moving average price of $401.30. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $506.35. The company has a market cap of $124.46 billion, a price-to-earnings ratio of -723.67 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The company 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 firm's revenue for the quarter 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, equities analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the transaction, the president now owns 422,204 shares of the company's stock, valued at $201,391,308. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal 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 that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the sale, the director now owns 768,092 shares of the company's stock, valued at $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 255,821 shares of company stock worth $115,966,659. Company 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.