Kowal Investment Group LLC Invests $436,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kowal Investment Group LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the second quarter, HoldingsChannel reports. The fund purchased 1,139 shares of the company’s stock, valued at approximately $436,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Arlington Financial Advisors LLC raised its holdings in shares of CrowdStrike by 1.5% during the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after acquiring an additional 30 shares during the period. Saturna Capital Corp raised its holdings in shares of CrowdStrike by 2.7% during the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock worth $408,000 after acquiring an additional 33 shares during the period. Means Investment CO. Inc. raised its holdings in shares of CrowdStrike by 1.8% during the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after acquiring an additional 35 shares during the period. Shepherd Financial Partners LLC raised its holdings in shares of CrowdStrike by 1.4% during the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after acquiring an additional 36 shares during the period. Finally, Albion Financial Group UT raised its holdings in shares of CrowdStrike by 3.7% during the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock worth $351,000 after acquiring an additional 39 shares during the period. 71.16% of the stock is owned by institutional investors.

Insider Transactions at CrowdStrike

In other news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the sale, the director now owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the sale, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,577 shares of company stock valued at $16,330,609. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $299.85 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $72.97 billion, a P/E ratio of 565.75, a P/E/G ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33. The firm has a 50-day moving average price of $265.90 and a two-hundred day moving average price of $312.40.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research analyst reports. Robert W. Baird dropped their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Raymond James dropped their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Wedbush reiterated an “outperform” rating and issued a $315.00 price target on shares of CrowdStrike in a research note on Friday, August 9th. Canaccord Genuity Group lowered their price target on shares of CrowdStrike from $340.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $327.03.

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.