CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Jessup Wealth Management Inc

Jessup Wealth Management Inc lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 26.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,940 shares of the company’s stock after selling 7,626 shares during the quarter. CrowdStrike makes up approximately 2.9% of Jessup Wealth Management Inc’s holdings, making the stock its 15th biggest holding. Jessup Wealth Management Inc’s holdings in CrowdStrike were worth $6,713,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp acquired a new position in CrowdStrike in the fourth quarter valued at $1,228,000. Financial Counselors Inc. grew its holdings in CrowdStrike by 3.9% in the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock valued at $344,000 after purchasing an additional 50 shares during the period. Ferguson Wellman Capital Management Inc. increased its position in CrowdStrike by 17.1% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after purchasing an additional 23,265 shares during the last quarter. Highland Capital Management LLC raised its stake in CrowdStrike by 0.6% during the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after purchasing an additional 181 shares during the period. Finally, Sara Bay Financial acquired a new position in shares of CrowdStrike in the 4th quarter valued at $255,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research analyst reports. Wedbush dropped their price target on CrowdStrike from $390.00 to $385.00 and set an “outperform” rating for the company in a research note on Wednesday, June 5th. Susquehanna raised their target price on CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a report on Thursday, March 7th. HSBC increased their price objective on shares of CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Rosenblatt Securities raised their price target on shares of CrowdStrike from $415.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Finally, FBN Securities raised CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. One analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $380.62.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the sale, the president now directly owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the sale, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the transaction, the insider now owns 200,672 shares in the company, valued at approximately $76,843,328.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 273,675 shares of company stock valued at $92,085,172. Company insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 0.8 %

NASDAQ CRWD traded down $3.11 on Friday, hitting $384.18. 1,768,269 shares of the company were exchanged, compared to its average volume of 4,139,561. CrowdStrike Holdings, Inc. has a twelve month low of $139.37 and a twelve month high of $394.64. The company’s 50 day moving average price is $337.67 and its 200-day moving average price is $312.01. The firm has a market capitalization of $93.49 billion, a P/E ratio of 737.47, a price-to-earnings-growth ratio of 19.04 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80.

CrowdStrike Company 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.