Jacobs Levy Equity Management Inc. Raises Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Jacobs Levy Equity Management Inc. increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 27.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 625,849 shares of the company’s stock after buying an additional 135,964 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in CrowdStrike were worth $175,532,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jennison Associates LLC boosted its holdings in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after buying an additional 1,013,161 shares during the period. International Assets Investment Management LLC grew its position in CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after buying an additional 920,695 shares during the period. Daiwa Securities Group Inc. boosted its position in CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after acquiring an additional 712,900 shares during the last quarter. Bank of New York Mellon Corp raised its stake in CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after purchasing an additional 564,662 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after buying an additional 371,695 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 0.2 %

Shares of CRWD opened at $346.80 on Tuesday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.90 and a current ratio of 1.86. The firm has a market cap of $85.01 billion, a P/E ratio of 680.01, a price-to-earnings-growth ratio of 20.26 and a beta of 1.11. The firm’s 50-day simple moving average is $315.80 and its 200 day simple moving average is $312.87.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRWD. DA Davidson reiterated a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a research note on Wednesday, September 18th. UBS Group cut their price target on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Stifel Nicolaus lifted their target price on CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. BNP Paribas started coverage on CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price objective on the stock. Finally, Barclays upped their price target on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $355.80.

Insider Activity at CrowdStrike

In related news, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,248 shares of company stock valued at $42,933,010 over the last three months. 4.34% of the stock is owned by corporate 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.