CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Jacksonville Wealth Management LLC

Jacksonville Wealth Management LLC reduced its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,218 shares of the company’s stock after selling 71 shares during the quarter. CrowdStrike accounts for 1.1% of Jacksonville Wealth Management LLC’s portfolio, making the stock its 21st largest position. Jacksonville Wealth Management LLC’s holdings in CrowdStrike were worth $1,135,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CRWD. Norges Bank acquired a new stake in CrowdStrike in the 4th quarter valued at approximately $1,111,542,000. GAMMA Investing LLC raised its stake in shares of CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock worth $383,132,000 after buying an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC lifted its holdings in shares of CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock valued at $440,116,000 after buying an additional 1,017,678 shares during the period. Raymond James Financial Inc. bought a new position in CrowdStrike during the fourth quarter valued at about $237,375,000. Finally, Voya Investment Management LLC grew its holdings in CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company’s stock worth $657,106,000 after acquiring an additional 582,471 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on CrowdStrike from $389.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC lifted their target price on CrowdStrike from $420.00 to $530.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Morgan Stanley lifted their target price on CrowdStrike from $455.00 to $490.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Stephens lifted their target price on CrowdStrike from $450.00 to $540.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Finally, DA Davidson lifted their target price on CrowdStrike from $415.00 to $530.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $453.17.

CrowdStrike Stock Up 1.0%

Shares of CRWD opened at $481.73 on Friday. The company has a market capitalization of $119.41 billion, a P/E ratio of 944.59, a PEG ratio of 17.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $491.20. The business’s 50 day simple moving average is $425.70 and its 200-day simple moving average is $391.11.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned $0.93 EPS. CrowdStrike’s revenue was up 19.8% compared to the same quarter last year. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total value of $4,890,000.00. Following the completion of the transaction, the director now owns 29,500 shares in the company, valued at $14,425,500. The trade was a 25.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 252,361 shares of company stock worth $106,359,058. Insiders own 3.32% of the company’s stock.

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.