Kestra Private Wealth Services LLC Acquires 898 Shares of CrowdStrike (NASDAQ:CRWD)

Kestra Private Wealth Services LLC increased its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,816 shares of the company's stock after purchasing an additional 898 shares during the quarter. Kestra Private Wealth Services LLC's holdings in CrowdStrike were worth $18,974,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CRWD. Norges Bank acquired a new stake in shares of CrowdStrike in the 4th quarter worth about $1,111,542,000. Jennison Associates LLC boosted its position in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after buying an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC grew its holdings in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after buying an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC raised its position in CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after buying an additional 1,017,678 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in CrowdStrike by 43.5% during the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after acquiring an additional 582,471 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $6.13 during trading on Friday, hitting $475.96. 2,901,063 shares of the company's stock traded hands, compared to its average volume of 4,606,016. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market cap of $118.63 billion, a PE ratio of -689.80 and a beta of 1.16. The firm's fifty day moving average price is $474.54 and its 200 day moving average price is $415.28.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm's revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share. Analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity

In related news, Director Denis Oleary sold 15,680 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the completion of the sale, the director directly owned 36,906 shares in the company, valued at $17,306,330.58. This represents a 29.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president owned 422,204 shares in the company, valued at approximately $201,391,308. This represents a 5.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 255,294 shares of company stock valued at $118,670,500. 3.32% of the stock is owned by company insiders.

Analyst Ratings Changes

CRWD has been the topic of several recent research reports. Stephens upped their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Mizuho upped their target price on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Bank of America reissued a "neutral" rating and issued a $470.00 price target (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Needham & Company LLC upped their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Barclays set a $500.00 price objective on CrowdStrike in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $460.93.

CrowdStrike 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.