CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 97.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,702 shares of the company's stock after selling 612,147 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in CrowdStrike were worth $4,688,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC increased its position in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after acquiring an additional 23 shares in the last quarter. Jacobi Capital Management LLC increased its position in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after acquiring an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC increased its position in shares of CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after acquiring an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC increased its position in shares of CrowdStrike by 4.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. The trade was a 3.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the transaction, the chief executive officer now directly owns 2,192,610 shares in the company, valued at $981,280,679.40. This trade represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 189,431 shares of company stock worth $76,275,228. 3.32% of the stock is owned by insiders.

Analyst Ratings Changes

CRWD has been the topic of several analyst reports. KeyCorp dropped their target price on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Truist Financial dropped their target price on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Scotiabank restated a "sector perform" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Raymond James cut shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. Finally, Robert W. Baird decreased their price target on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $403.20.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $435.94 on Thursday. The firm has a fifty day simple moving average of $381.19 and a 200-day simple moving average of $372.47. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The stock has a market capitalization of $108.06 billion, a price-to-earnings ratio of 854.80, a PEG ratio of 17.86 and a beta of 1.22.

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.

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