Kingsman Wealth Management Inc. Makes New Investment in CrowdStrike (NASDAQ:CRWD)

Kingsman Wealth Management Inc. purchased a new position in CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,005 shares of the company's stock, valued at approximately $354,000.

A number of other large investors have also recently made changes to their positions in the stock. FSA Wealth Management LLC boosted its holdings in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after acquiring an additional 23 shares in the last quarter. Tradewinds Capital Management LLC lifted its holdings in shares of CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares in the last quarter. Stratos Wealth Advisors LLC raised its position in shares of CrowdStrike by 0.9% in the first quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock valued at $1,052,000 after buying an additional 26 shares during the last quarter. Stratos Investment Management LLC increased its position in CrowdStrike by 0.9% during the first quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock worth $1,129,000 after purchasing an additional 27 shares during the last quarter. Finally, American Financial Advisors LLC increased its position in shares of CrowdStrike by 2.9% in the first quarter. American Financial Advisors LLC now owns 1,008 shares of the company's stock worth $355,000 after acquiring an additional 28 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald lifted their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Royal Bank Of Canada boosted their price objective on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Macquarie initiated coverage on CrowdStrike in a report on Thursday. They issued a "neutral" rating and a $465.00 price objective for the company. Finally, Susquehanna increased their target price on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $460.93.

CrowdStrike Stock Performance

Shares of CRWD traded up $5.62 on Monday, reaching $481.58. 3,393,100 shares of the company's stock traded hands, compared to its average volume of 4,601,256. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. The stock's 50 day simple moving average is $474.54 and its two-hundred day simple moving average is $415.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market cap of $120.03 billion, a PE ratio of -697.94 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm earned $0.93 EPS. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. On average, analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Roxanne S. Austin sold 9,447 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the transaction, the director owned 18,858 shares of the company's stock, valued at $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Michael Sentonas sold 11,527 shares of the company'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 completion of the transaction, the president owned 410,677 shares of the company's stock, valued at $193,511,002.40. This trade represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 252,320 shares of company stock valued at $117,592,485. Corporate insiders own 3.32% of the company's stock.

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.