KPP Advisory Services LLC Purchases Shares of 1,199 CrowdStrike (NASDAQ:CRWD)

KPP Advisory Services LLC purchased a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,199 shares of the company's stock, valued at approximately $423,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $34,000. Millstone Evans Group LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. lifted its position in shares of CrowdStrike by 426.3% during the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after purchasing an additional 81 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CRWD. KeyCorp dropped their price target on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Stifel Nicolaus upped their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Mizuho upped their target price on shares of CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Finally, DZ Bank downgraded shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price for the company. in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $453.88.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $505.22 on Friday. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $508.04. 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 firm has a market cap of $125.93 billion, a price-to-earnings ratio of -732.20 and a beta of 1.16. The company has a fifty day moving average price of $449.61 and a 200-day moving average price of $400.24.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (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 during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business's revenue was up 19.8% compared to the same quarter last year. As a group, equities research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, President Michael Sentonas sold 25,000 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president now owns 422,204 shares of the company's stock, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 17,525 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $477.62, for a total transaction of $8,370,290.50. Following the transaction, the chief executive officer now directly owns 2,175,154 shares in the company, valued at approximately $1,038,897,053.48. This represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 240,821 shares of company stock worth $108,501,609. 3.32% of the stock is owned by company insiders.

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.

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