Jacobi Capital Management LLC Buys New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Jacobi Capital Management LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,824 shares of the company’s stock, valued at approximately $414,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CRWD. Beese Fulmer Investment Management Inc. lifted its position in shares of CrowdStrike by 1.0% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 5,121 shares of the company’s stock valued at $1,163,000 after acquiring an additional 50 shares in the last quarter. Gemmer Asset Management LLC lifted its position in shares of CrowdStrike by 1.5% in the 1st quarter. Gemmer Asset Management LLC now owns 3,383 shares of the company’s stock valued at $768,000 after acquiring an additional 50 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of CrowdStrike by 4.3% in the 1st quarter. Capital Investment Advisors LLC now owns 1,338 shares of the company’s stock valued at $304,000 after acquiring an additional 55 shares in the last quarter. Evanson Asset Management LLC lifted its position in CrowdStrike by 1.6% in the 1st quarter. Evanson Asset Management LLC now owns 3,455 shares of the company’s stock worth $785,000 after buying an additional 56 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its position in CrowdStrike by 44.1% in the 4th quarter. Montag A & Associates Inc. now owns 196 shares of the company’s stock worth $40,000 after buying an additional 60 shares in the last quarter. 63.02% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Up 1.0 %

Shares of CrowdStrike stock opened at $191.17 on Friday. The firm has a fifty day moving average price of $175.99 and a two-hundred day moving average price of $183.55. CrowdStrike Holdings, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $298.48. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.83 and a quick ratio of 1.83.

CrowdStrike (NASDAQ:CRWDGet Rating) last released its quarterly earnings data on Thursday, June 2nd. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.06. The company had revenue of $487.83 million during the quarter, compared to the consensus estimate of $464.35 million. CrowdStrike had a negative net margin of 11.08% and a negative return on equity of 14.50%. The firm’s revenue for the quarter was up 61.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.14) EPS. Equities analysts anticipate that CrowdStrike Holdings, Inc. will post -0.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CRWD. Oppenheimer cut their target price on shares of CrowdStrike from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, June 3rd. Canaccord Genuity Group cut their target price on shares of CrowdStrike from $260.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. Jefferies Financial Group increased their target price on shares of CrowdStrike from $200.00 to $215.00 in a research report on Friday, June 3rd. BTIG Research cut their target price on shares of CrowdStrike from $257.00 to $234.00 and set a “buy” rating for the company in a research report on Friday, June 3rd. Finally, Royal Bank of Canada dropped their price target on shares of CrowdStrike from $275.00 to $225.00 in a research note on Tuesday, May 31st. Twenty-seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $251.38.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 8,713 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $165.03, for a total transaction of $1,437,906.39. Following the completion of the transaction, the insider now directly owns 185,584 shares of the company’s stock, valued at approximately $30,626,927.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Shawn Henry sold 8,713 shares of CrowdStrike stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $165.03, for a total transaction of $1,437,906.39. Following the completion of the transaction, the insider now directly owns 185,584 shares of the company’s stock, valued at approximately $30,626,927.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 71,528 shares of CrowdStrike stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $165.35, for a total transaction of $11,827,154.80. Following the transaction, the chief executive officer now directly owns 958,309 shares of the company’s stock, valued at $158,456,393.15. The disclosure for this sale can be found here. In the last three months, insiders sold 91,679 shares of company stock valued at $15,154,848. Company insiders own 6.82% of the company’s stock.

CrowdStrike 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.

See Also

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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