Kessler Investment Group LLC Makes New $6.68 Million Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kessler Investment Group LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 26,153 shares of the company's stock, valued at approximately $6,677,000. CrowdStrike comprises approximately 4.1% of Kessler Investment Group LLC's holdings, making the stock its 4th biggest holding.

A number of other hedge funds have also recently made changes to their positions in CRWD. Wealthspire Advisors LLC acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $254,000. Arlington Capital Management Inc. purchased a new position in CrowdStrike in the fourth quarter valued at $1,367,000. Bogart Wealth LLC increased its holdings in CrowdStrike by 50.0% in the fourth quarter. Bogart Wealth LLC now owns 150 shares of the company's stock valued at $38,000 after buying an additional 50 shares during the last quarter. RMR Wealth Builders raised its stake in CrowdStrike by 1.7% in the fourth quarter. RMR Wealth Builders now owns 3,286 shares of the company's stock valued at $839,000 after buying an additional 56 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new stake in CrowdStrike during the 4th quarter worth about $64,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

CRWD has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $400.00 price objective on shares of CrowdStrike in a report on Wednesday, April 17th. TD Cowen boosted their target price on CrowdStrike from $340.00 to $400.00 and gave the company an "outperform" rating in a report on Wednesday, March 6th. Jefferies Financial Group raised their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Finally, Scotiabank boosted their price objective on CrowdStrike from $320.00 to $400.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $371.87.

CrowdStrike Trading Up 0.9 %

NASDAQ:CRWD traded up $2.82 on Friday, hitting $320.76. 2,655,929 shares of the stock were exchanged, compared to its average volume of 2,367,188. The stock has a market cap of $77.58 billion, a PE ratio of 891.02, a PEG ratio of 12.71 and a beta of 1.08. CrowdStrike Holdings, Inc. has a fifty-two week low of $129.25 and a fifty-two week high of $365.00. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $312.97 and a 200-day moving average of $275.75.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The company had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 18,747 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $6,107,772.60. Following the completion of the transaction, the president now owns 382,958 shares in the company, valued at approximately $124,767,716.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other CrowdStrike news, President Michael Sentonas sold 18,747 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $6,107,772.60. Following the transaction, the president now owns 382,958 shares in the company, valued at approximately $124,767,716.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 56,279 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the transaction, the chief executive officer now directly owns 1,146,048 shares of the company's stock, valued at $348,868,471.68. The disclosure for this sale can be found here. Insiders have sold 295,576 shares of company stock valued at $94,052,850 over the last three months. 5.68% of the stock is owned by company insiders.

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.