Jacobs & Co. CA Sells 585 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Jacobs & Co. CA reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.1% during the 4th quarter, HoldingsChannel reports. The fund owned 18,418 shares of the company’s stock after selling 585 shares during the quarter. Jacobs & Co. CA’s holdings in CrowdStrike were worth $6,301,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Synergy Financial Group LTD increased its stake in shares of CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after purchasing an additional 30 shares during the last quarter. Sunpointe LLC grew its stake in CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after buying an additional 34 shares during the last quarter. Hilltop Holdings Inc. grew its stake in CrowdStrike by 1.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after buying an additional 34 shares during the last quarter. Interchange Capital Partners LLC grew its stake in CrowdStrike by 1.1% in the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after buying an additional 39 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in CrowdStrike by 9.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock valued at $134,000 after buying an additional 40 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

Shares of CRWD traded down $7.70 during trading hours on Friday, hitting $351.02. The company’s stock had a trading volume of 1,830,264 shares, compared to its average volume of 2,546,084. The company has a market cap of $86.46 billion, a price-to-earnings ratio of 688.29, a PEG ratio of 19.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business has a 50 day simple moving average of $351.26 and a two-hundred day simple moving average of $314.22. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. This trade represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,351 shares of company stock valued at $38,752,993. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Evercore ISI upped their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Wedbush set a $330.00 price target on shares of CrowdStrike in a report on Thursday, October 17th. Piper Sandler upped their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Barclays upped their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, BMO Capital Markets upped their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. One equities 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $365.88.

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.