Jessup Wealth Management Inc Has $6.71 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Jessup Wealth Management Inc reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 26.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 20,940 shares of the company’s stock after selling 7,626 shares during the quarter. CrowdStrike comprises approximately 2.9% of Jessup Wealth Management Inc’s portfolio, making the stock its 15th biggest holding. Jessup Wealth Management Inc’s holdings in CrowdStrike were worth $6,713,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CRWD. Morgan Stanley grew its position in CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after buying an additional 2,757,251 shares in the last quarter. Norges Bank acquired a new position in CrowdStrike in the fourth quarter valued at about $683,336,000. Pathstone Holdings LLC acquired a new stake in CrowdStrike during the fourth quarter worth about $450,418,000. Jennison Associates LLC increased its holdings in CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after buying an additional 1,581,796 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on CRWD shares. Jefferies Financial Group boosted their price objective on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. KeyCorp reduced their price objective on CrowdStrike from $430.00 to $376.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Susquehanna boosted their target price on CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research note on Thursday, March 7th. DA Davidson reduced their price target on shares of CrowdStrike from $425.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Finally, Truist Financial upped their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of “Buy” and a consensus price target of $380.62.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 64,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $316.48, for a total transaction of $20,254,720.00. Following the sale, the chief financial officer now owns 306,508 shares of the company’s stock, valued at $97,003,651.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 273,675 shares of company stock valued at $92,085,172. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

CrowdStrike stock traded down $3.11 during midday trading on Friday, hitting $384.18. 1,768,269 shares of the company’s stock were exchanged, compared to its average volume of 4,139,561. The company has a market cap of $93.49 billion, a P/E ratio of 737.47, a PEG ratio of 19.04 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a 50-day moving average price of $337.67 and a two-hundred day moving average price of $312.01. CrowdStrike Holdings, Inc. has a 52-week low of $139.37 and a 52-week high of $394.64.

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.