CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Glass Jacobson Investment Advisors llc

Glass Jacobson Investment Advisors llc lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 903 shares of the company’s stock after acquiring an additional 89 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in CrowdStrike were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike in the first quarter valued at approximately $30,000. Family Firm Inc. acquired a new stake in CrowdStrike during the 2nd quarter valued at $30,000. Johnson Financial Group Inc. acquired a new stake in CrowdStrike during the 4th quarter valued at $31,000. Northwest Bank & Trust Co purchased a new stake in CrowdStrike during the 4th quarter worth $32,000. Finally, Future Financial Wealth Managment LLC acquired a new position in CrowdStrike in the 1st quarter worth $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 3.8 %

CRWD stock opened at $277.38 on Friday. The firm’s 50-day moving average is $267.33 and its two-hundred day moving average is $312.39. The company has a market capitalization of $67.50 billion, a price-to-earnings ratio of 523.36, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 52 week low of $157.59 and a 52 week high of $398.33. 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 released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during 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 revenue for the quarter was up 31.7% compared to the same quarter last year. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRWD has been the subject of several research analyst reports. Citigroup reduced their target price on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and raised their price objective for the stock from $302.00 to $339.00 in a report on Friday, August 30th. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. decreased their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Finally, Royal Bank of Canada cut their price objective on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. One equities 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 issued a strong buy rating to the company. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $327.03.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was 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 directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. Insiders sold 45,577 shares of company stock valued at $16,330,609 over the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

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.