Janney Montgomery Scott LLC Purchases 13,084 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Janney Montgomery Scott LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 59.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,121 shares of the company’s stock after buying an additional 13,084 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CrowdStrike were worth $7,975,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Beese Fulmer Investment Management Inc. raised its stake in shares of CrowdStrike by 1.0% in the first quarter. Beese Fulmer Investment Management Inc. now owns 5,121 shares of the company’s stock valued at $1,163,000 after buying an additional 50 shares during the period. Gemmer Asset Management LLC grew its position in shares of CrowdStrike by 1.5% in the first quarter. Gemmer Asset Management LLC now owns 3,383 shares of the company’s stock valued at $768,000 after purchasing an additional 50 shares in the last quarter. Capital Investment Advisors LLC grew its position in shares of CrowdStrike by 4.3% in the first quarter. Capital Investment Advisors LLC now owns 1,338 shares of the company’s stock valued at $304,000 after purchasing an additional 55 shares in the last quarter. Evanson Asset Management LLC grew its position in shares of CrowdStrike by 1.6% in the first quarter. Evanson Asset Management LLC now owns 3,455 shares of the company’s stock valued at $785,000 after purchasing an additional 56 shares in the last quarter. Finally, Montag A & Associates Inc. grew its position in shares of CrowdStrike by 44.1% in the fourth quarter. Montag A & Associates Inc. now owns 196 shares of the company’s stock valued at $40,000 after purchasing an additional 60 shares in the last quarter. 63.02% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $176.96 on Thursday. CrowdStrike Holdings, Inc. has a one year low of $130.00 and a one year high of $298.48. The stock’s fifty day moving average is $170.73 and its 200 day moving average is $183.30. The stock has a market cap of $41.07 billion, a P/E ratio of -224.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.83 and a current ratio of 1.83.

CrowdStrike (NASDAQ:CRWD – Get Rating) last announced its earnings results on Thursday, June 2nd. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.06. CrowdStrike had a negative return on equity of 14.50% and a negative net margin of 11.08%. The company had revenue of $487.83 million for the quarter, compared to analysts’ expectations of $464.35 million. During the same period last year, the firm earned ($0.14) EPS. CrowdStrike’s revenue for the quarter was up 61.1% compared to the same quarter last year. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post -0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CRWD shares. Piper Sandler reduced their price target on CrowdStrike from $250.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, June 3rd. DA Davidson reduced their price target on CrowdStrike from $280.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, June 3rd. Mizuho reduced their price target on CrowdStrike from $270.00 to $220.00 and set a “buy” rating for the company in a research report on Wednesday, May 18th. Wells Fargo & Company reduced their target price on CrowdStrike from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, June 3rd. Finally, Jefferies Financial Group boosted their target price on CrowdStrike from $200.00 to $215.00 in a research report on Friday, June 3rd. Twenty-seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $251.90.

Insider Buying and Selling

In related news, insider Shawn Henry sold 8,713 shares of the firm’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $165.03, for a total value of $1,437,906.39. Following the transaction, the insider now directly owns 185,584 shares of the company’s stock, valued at approximately $30,626,927.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other CrowdStrike news, CEO George Kurtz sold 71,528 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $165.35, for a total transaction of $11,827,154.80. Following the sale, the chief executive officer now directly owns 958,309 shares of the company’s stock, valued at $158,456,393.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 8,713 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $165.03, for a total value of $1,437,906.39. Following the sale, the insider now directly owns 185,584 shares in the company, valued at $30,626,927.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,679 shares of company stock valued at $15,154,848. 6.82% of the stock is owned by company insiders.

CrowdStrike Company Profile

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CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.