Jag Capital Management LLC reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,546 shares of the company’s stock after selling 515 shares during the quarter. Jag Capital Management LLC’s holdings in CrowdStrike were worth $726,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd bought a new stake in CrowdStrike in the fourth quarter valued at $42,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of CrowdStrike by 440.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 135 shares of the company’s stock worth $28,000 after acquiring an additional 110 shares during the period. Mmbg Investment Advisors CO. acquired a new stake in shares of CrowdStrike in the 4th quarter worth about $217,000. Clearstead Advisors LLC boosted its stake in CrowdStrike by 46.7% during the 4th quarter. Clearstead Advisors LLC now owns 264 shares of the company’s stock valued at $54,000 after purchasing an additional 84 shares during the period. Finally, O Dell Group LLC grew its position in CrowdStrike by 20.0% in the 4th quarter. O Dell Group LLC now owns 1,332 shares of the company’s stock worth $273,000 after purchasing an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 63.02% of the company’s stock.
Shares of CRWD traded up $5.52 during midday trading on Friday, hitting $161.36. The stock had a trading volume of 84,318 shares, compared to its average volume of 5,057,299. The business has a 50-day simple moving average of $195.46 and a two-hundred day simple moving average of $197.60. The firm has a market cap of $37.24 billion, a P/E ratio of -151.30 and a beta of 1.44. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.71. CrowdStrike Holdings, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $298.48.
In related news, insider Shawn Henry sold 20,839 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $228.02, for a total transaction of $4,751,708.78. Following the transaction, the insider now directly owns 191,046 shares of the company’s stock, valued at $43,562,308.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 75,801 shares of the company’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $200.92, for a total transaction of $15,229,936.92. The disclosure for this sale can be found here. Insiders have sold 170,458 shares of company stock worth $35,634,355 over the last three months. 6.82% of the stock is owned by insiders.
CRWD has been the subject of several analyst reports. Canaccord Genuity Group boosted their price objective on CrowdStrike from $225.00 to $238.00 and gave the stock a “buy” rating in a research report on Thursday, March 10th. Mizuho reduced their price target on CrowdStrike from $270.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, May 18th. Zacks Investment Research raised CrowdStrike from a “hold” rating to a “buy” rating and set a $199.00 price target on the stock in a report on Wednesday, February 16th. Robert W. Baird upped their price objective on shares of CrowdStrike from $225.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, April 8th. Finally, Morgan Stanley decreased their target price on shares of CrowdStrike from $212.00 to $181.00 and set an “equal weight” rating for the company in a research report on Thursday, May 19th. One research analyst has rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, CrowdStrike currently has an average rating of “Buy” and a consensus target price of $256.25.
CrowdStrike Company Profile (Get Rating)
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.
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