Cookson Peirce & Co. Inc. Invests $33.56 Million in CrowdStrike (NASDAQ:CRWD)

Cookson Peirce & Co. Inc. acquired a new position in shares of CrowdStrike (NASDAQ:CRWD) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 95,192 shares of the company’s stock, valued at approximately $33,563,000. CrowdStrike comprises 1.7% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 18th largest position.

A number of other large investors also recently modified their holdings of CRWD. Oak Ridge Investments LLC raised its holdings in shares of CrowdStrike by 6.1% in the 1st quarter. Oak Ridge Investments LLC now owns 15,585 shares of the company’s stock valued at $5,495,000 after purchasing an additional 890 shares during the period. Vestmark Advisory Solutions Inc. raised its holdings in shares of CrowdStrike by 92.2% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 4,504 shares of the company’s stock valued at $1,588,000 after purchasing an additional 2,160 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of CrowdStrike by 55.9% in the 1st quarter. Lord Abbett & CO. LLC now owns 258,395 shares of the company’s stock valued at $91,105,000 after purchasing an additional 92,665 shares during the period. E Fund Management Co. Ltd. raised its holdings in shares of CrowdStrike by 45.6% in the 1st quarter. E Fund Management Co. Ltd. now owns 11,063 shares of the company’s stock valued at $3,901,000 after purchasing an additional 3,465 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of CrowdStrike by 9.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,773 shares of the company’s stock valued at $2,741,000 after purchasing an additional 698 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRWD. Jefferies Financial Group upped their target price on shares of CrowdStrike from $520.00 to $530.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Stephens upped their target price on shares of CrowdStrike from $450.00 to $540.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Wedbush upped their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the company an “outperform” rating in a report on Tuesday, June 3rd. Roth Capital upped their target price on shares of CrowdStrike from $410.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $495.00 price target (up from $490.00) on shares of CrowdStrike in a report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $461.17.

Insider Activity at CrowdStrike

In other news, Director Roxanne S. Austin sold 15,000 shares of the company’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the completion of the transaction, the director directly owned 18,858 shares in the company, valued at approximately $9,385,060.86. This represents a 44.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares of the company’s stock, valued at $105,272,781.10. This trade represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is owned by company insiders.

CrowdStrike Stock Down 0.8%

Shares of CRWD opened at $432.12 on Thursday. CrowdStrike has a one year low of $242.25 and a one year high of $517.98. The company has a market cap of $107.71 billion, a P/E ratio of -626.26 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a 50 day simple moving average of $474.36 and a two-hundred day simple moving average of $426.30.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. Research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

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.