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

KP Management LLC lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 50.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hibernia Wealth Partners LLC bought a new stake in shares of CrowdStrike during the third quarter valued at approximately $392,000. IVC Wealth Advisors LLC increased its holdings in CrowdStrike by 27.7% during the 3rd quarter. IVC Wealth Advisors LLC now owns 1,326 shares of the company’s stock worth $372,000 after purchasing an additional 288 shares during the period. Kercheville Advisors LLC bought a new stake in CrowdStrike during the 3rd quarter valued at $1,150,000. Montgomery Investment Management Inc. purchased a new stake in shares of CrowdStrike in the 3rd quarter worth $316,000. Finally, Custom Index Systems LLC bought a new position in shares of CrowdStrike during the 3rd quarter worth $280,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the business’s 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 completion of the sale, the insider now owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now owns 821,766 shares of the company’s stock, valued at $263,277,391.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,212 shares of company stock worth $30,529,413 in the last ninety days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 0.0 %

CrowdStrike stock opened at $300.50 on Monday. The firm has a market cap 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 12 month low of $171.68 and a 12 month high of $398.33. The stock’s 50 day simple moving average is $281.37 and its two-hundred day simple moving average is $307.92. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. UBS Group lowered their price target on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. DA Davidson reissued a “buy” rating and set a $310.00 price objective on shares of CrowdStrike in a report on Wednesday, September 18th. The Goldman Sachs Group reduced their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. dropped their target price on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

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.