Jessup Wealth Management Inc Has $1.54 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Jessup Wealth Management Inc reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,488 shares of the company’s stock after selling 98 shares during the period. CrowdStrike makes up approximately 0.7% of Jessup Wealth Management Inc’s holdings, making the stock its 27th biggest holding. Jessup Wealth Management Inc’s holdings in CrowdStrike were worth $1,536,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Castleview Partners LLC acquired a new position in shares of CrowdStrike during the third quarter worth about $32,000. Telos Capital Management Inc. bought a new stake in CrowdStrike in the 3rd quarter valued at approximately $505,000. Oakworth Capital Inc. bought a new stake in CrowdStrike in the 3rd quarter valued at approximately $28,000. Calton & Associates Inc. acquired a new position in CrowdStrike during the 3rd quarter worth approximately $382,000. Finally, Eastern Bank bought a new position in shares of CrowdStrike during the 3rd quarter worth approximately $337,000. Institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research reports. Royal Bank of Canada boosted their price objective on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. KeyCorp boosted their price target on shares of CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Barclays raised their price objective on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Stifel Nicolaus upped their target price on CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Truist Financial raised their price target on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $379.73.

Insider Activity

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares of the company’s stock, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Down 1.1 %

CRWD stock opened at $450.14 on Thursday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The business has a 50-day simple moving average of $382.58 and a 200 day simple moving average of $327.63. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $110.87 billion, a PE ratio of 882.64, a price-to-earnings-growth ratio of 18.50 and a beta of 1.16.

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.