Jacobs & Co. CA Cuts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Jacobs & Co. CA cut its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,330 shares of the company’s stock after selling 346 shares during the quarter. Jacobs & Co. CA’s holdings in CrowdStrike were worth $5,235,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Strategic Planning Group LLC increased its holdings in shares of CrowdStrike by 8.9% in the first quarter. Strategic Planning Group LLC now owns 10,406 shares of the company’s stock worth $3,336,000 after buying an additional 853 shares during the period. Global Assets Advisory LLC purchased a new position in CrowdStrike in the 1st quarter worth approximately $21,004,000. Traynor Capital Management Inc. lifted its position in CrowdStrike by 17.0% in the first quarter. Traynor Capital Management Inc. now owns 43,300 shares of the company’s stock valued at $13,881,000 after purchasing an additional 6,279 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in shares of CrowdStrike by 72.8% during the first quarter. Global Trust Asset Management LLC now owns 356 shares of the company’s stock valued at $114,000 after purchasing an additional 150 shares during the period. Finally, Northwest Investment Counselors LLC bought a new position in shares of CrowdStrike in the first quarter worth approximately $96,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $7.91 on Tuesday, hitting $385.84. The stock had a trading volume of 1,004,810 shares, compared to its average volume of 4,154,716. The business’s 50-day simple moving average is $334.19 and its two-hundred day simple moving average is $310.51. The stock has a market cap of $93.90 billion, a price-to-earnings ratio of 726.43, a price-to-earnings-growth ratio of 19.02 and a beta of 1.08. CrowdStrike Holdings, Inc. has a 52-week low of $139.37 and a 52-week high of $394.64. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the completion of the sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. Insiders have sold 180,956 shares of company stock worth $57,080,594 in the last quarter. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CRWD shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price target on shares of CrowdStrike in a report on Friday. Citigroup increased their target price on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Evercore ISI boosted their price target on CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Wells Fargo & Company increased their price objective on CrowdStrike from $315.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Finally, BTIG Research reduced their target price on CrowdStrike from $432.00 to $402.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. One research analyst has rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $380.62.

Get Our Latest Report on CrowdStrike

CrowdStrike 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.

See Also

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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