KKM Financial LLC Acquires New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

KKM Financial LLC acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,000 shares of the company's stock, valued at approximately $561,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike during the second quarter valued at $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike during the 3rd quarter valued at about $28,000. Tsfg LLC grew its holdings in shares of CrowdStrike by 593.3% during the third 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. bought a new position in shares of CrowdStrike in the second quarter worth approximately $30,000. Finally, Castleview Partners LLC purchased a new stake in CrowdStrike in the third quarter valued at approximately $32,000. 71.16% of the stock is owned by institutional investors.

Insider Transactions at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,178 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the transaction, the chief financial officer now owns 286,472 shares in the company, valued at approximately $85,216,825.84. This trade represents a 3.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,683 shares of the business's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 over the last three months. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Up 4.1 %

CRWD stock traded up $14.71 on Friday, hitting $372.26. 3,442,549 shares of the company's stock were exchanged, compared to its average volume of 3,332,946. The firm has a 50 day moving average price of $308.04 and a two-hundred day moving average price of $311.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The stock has a market cap of $91.25 billion, a P/E ratio of 539.51, a price-to-earnings-growth ratio of 25.88 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its 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 the consensus estimate of $958.27 million. During the same quarter in the previous year, the firm earned $0.06 EPS. CrowdStrike's revenue was up 31.7% compared to the same quarter last year. As a group, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on CRWD. Needham & Company LLC assumed coverage on shares of CrowdStrike in a research report on Monday, September 23rd. They issued a "buy" rating and a $360.00 target price for the company. Cantor Fitzgerald upped their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an "overweight" rating in a report on Thursday. Jefferies Financial Group boosted their target price on CrowdStrike from $315.00 to $345.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. BNP Paribas assumed coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a "neutral" rating and a $285.00 price target on the stock. Finally, Westpark Capital restated a "hold" rating on shares of CrowdStrike in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $335.62.

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.