Jacobs Levy Equity Management Inc. Acquires 135,964 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Jacobs Levy Equity Management Inc. increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 27.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 625,849 shares of the company’s stock after acquiring an additional 135,964 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.26% of CrowdStrike worth $175,532,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CRWD. Beacon Financial Advisory LLC acquired a new stake in shares of CrowdStrike during the third quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. lifted its position in CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after buying an additional 78,305 shares in the last quarter. Doliver Advisors LP increased its stake in shares of CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after buying an additional 4,664 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC lifted its holdings in CrowdStrike by 356.8% during the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after acquiring an additional 5,352 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Morgan Stanley increased their target price on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. CICC Research began coverage on shares of CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective on the stock. Stifel Nicolaus upped their price objective on shares of CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group boosted their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $355.80.

CrowdStrike Trading Up 0.2 %

Shares of CRWD stock opened at $346.80 on Tuesday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $85.01 billion, a P/E ratio of 680.01, a PEG ratio of 20.26 and a beta of 1.11. The company has a 50 day moving average of $315.80 and a 200-day moving average of $312.87.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, November 26th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $982.80 million. During the same quarter last year, the business earned $0.16 earnings per share. CrowdStrike’s quarterly revenue was up 28.5% compared to the same quarter last year. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.5 earnings per share for the current year.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 10,776 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the transaction, the president now owns 400,390 shares in the company, valued at $119,027,939.20. This represents a 2.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 138,248 shares of company stock valued at $42,933,010. 4.34% of the stock is currently owned by company insiders.

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.