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

Key Points

• Cookson Peirce & Co. Inc. invested $33.56 million in CrowdStrike, acquiring 95,192 shares and making it the firm's 18th largest position.
• Multiple analysts have raised their price targets on CrowdStrike, with Jefferies setting a new target at $530.00 and a consensus rating of "Moderate Buy".
• Insider transactions include Director Roxanne S. Austin selling 15,000 shares, resulting in a 44.3% decrease in her ownership.

Cookson Peirce & Co. Inc. bought a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 95,192 shares of the company's stock, valued at approximately $33,563,000. CrowdStrike comprises approximately 1.7% of Cookson Peirce & Co. Inc.'s portfolio, making the stock its 18th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Oak Ridge Investments LLC raised its position in shares of CrowdStrike by 6.1% during the 1st quarter. Oak Ridge Investments LLC now owns 15,585 shares of the company's stock valued at $5,495,000 after acquiring an additional 890 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of CrowdStrike by 92.2% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 4,504 shares of the company's stock valued at $1,588,000 after acquiring an additional 2,160 shares during the last quarter. Lord Abbett & CO. LLC raised its position in shares of CrowdStrike by 55.9% during the 1st quarter. Lord Abbett & CO. LLC now owns 258,395 shares of the company's stock valued at $91,105,000 after acquiring an additional 92,665 shares during the last quarter. E Fund Management Co. Ltd. raised its position in shares of CrowdStrike by 45.6% during the 1st quarter. E Fund Management Co. Ltd. now owns 11,063 shares of the company's stock valued at $3,901,000 after acquiring an additional 3,465 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in shares of CrowdStrike by 9.9% during 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 acquiring an additional 698 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the completion of the sale, the director directly owned 774,761 shares in the company, valued at $346,387,895.49. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 9,447 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the sale, the director owned 18,858 shares of the company's stock, valued at $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 214,414 shares of company stock valued at $101,484,738. Company insiders own 3.32% of the company's stock.

Analysts Set New Price Targets

CRWD has been the subject of several recent research reports. Stifel Nicolaus upped their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. DA Davidson raised their price objective on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Stephens raised their price objective on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Oppenheimer raised their price objective on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Macquarie initiated coverage on CrowdStrike in a research note on Thursday, July 17th. They set a "neutral" rating and a $465.00 price objective on the stock. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $461.17.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $3.04 during mid-day trading on Friday, hitting $427.90. The stock had a trading volume of 2,262,855 shares, compared to its average volume of 2,735,901. CrowdStrike has a twelve month low of $242.25 and a twelve month high of $517.98. The stock has a market cap of $106.65 billion, a price-to-earnings ratio of -620.14 and a beta of 1.13. The company's 50 day simple moving average is $472.79 and its 200 day simple moving average is $426.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $0.93 EPS. CrowdStrike's revenue was up 19.8% on a year-over-year basis. On average, equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

About CrowdStrike

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.