Jericho Financial LLP Purchases Shares of 8,868 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Jericho Financial LLP purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,868 shares of the company’s stock, valued at approximately $3,034,000. CrowdStrike accounts for 2.2% of Jericho Financial LLP’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors also recently modified their holdings of CRWD. Empirical Asset Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $11,310,000. Beacon Financial Advisory LLC bought a new stake in CrowdStrike during the third quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after acquiring an additional 78,305 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after acquiring an additional 2,863 shares in the last quarter. Finally, Hemenway Trust Co LLC lifted its stake in shares of CrowdStrike by 356.8% in the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after purchasing an additional 5,352 shares during the period. Institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now owns 42,391 shares in the company, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the transaction, the insider now owns 98,214 shares of the company’s stock, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 105,315 shares of company stock worth $37,321,176 in the last three months. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Up 2.5 %

Shares of CrowdStrike stock opened at $407.52 on Wednesday. The company’s 50-day moving average price is $363.29 and its 200-day moving average price is $312.67. The company has a market cap of $100.38 billion, a price-to-earnings ratio of 799.07, a PEG ratio of 21.13 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $411.30. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRWD. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Piper Sandler lifted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Wedbush set a $330.00 target price on shares of CrowdStrike in a research report on Thursday, October 17th. Oppenheimer raised their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC upped their price objective on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $370.00.

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.