KP Management LLC Sells 5,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

by · The Cerbat Gem

KP Management LLC lessened its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) by 50.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the company’s stock after selling 5,000 shares during the period. KP Management LLC’s holdings in CrowdStrike were worth $1,402,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the second quarter valued at $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike in the 3rd quarter worth about $28,000. Tsfg LLC boosted its stake in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares in the last quarter. Family Firm Inc. purchased a new stake in CrowdStrike during the 2nd quarter valued at about $30,000. Finally, Castleview Partners LLC purchased a new stake in CrowdStrike during the 3rd quarter valued at about $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the sale, the insider now owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,212 shares of company stock worth $30,529,413. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $300.50 on Monday. The stock has a market capitalization of $73.13 billion, a PE ratio of 567.21, a P/E/G ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 1-year low of $171.68 and a 1-year high of $398.33. The business has a 50 day simple moving average of $281.37 and a two-hundred day simple moving average of $307.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. On average, research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CRWD shares. KeyCorp upped their target price on shares of CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Evercore ISI lowered their price objective on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Oppenheimer reduced their target price on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Citigroup decreased their price target on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, Robert W. Baird dropped their price objective on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $328.74.

Check Out Our Latest Stock Report on CrowdStrike

CrowdStrike Company Profile

(Free Report)

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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