JBF Capital Inc. Purchases New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

JBF Capital Inc. purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,537 shares of the company’s stock, valued at approximately $3,263,000. CrowdStrike accounts for about 0.6% of JBF Capital Inc.’s investment portfolio, making the stock its 22nd largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jacobi Capital Management LLC lifted its position in CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after acquiring an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after purchasing an additional 27 shares during the last quarter. Wintrust Investments LLC boosted its position in shares of CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after purchasing an additional 29 shares in the last quarter. Greenwich Wealth Management LLC grew its stake in shares of CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after buying an additional 30 shares during the last quarter. Finally, Altman Advisors Inc. increased its position in CrowdStrike by 0.5% during the 4th quarter. Altman Advisors Inc. now owns 6,623 shares of the company’s stock valued at $2,266,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Robert W. Baird cut their target price on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. DA Davidson lifted their target price on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. BMO Capital Markets raised their price target on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus cut their target price on CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $400.53.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the completion of the transaction, the director now directly owns 805,592 shares of the company’s stock, valued at $332,218,084.88. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,401 shares of company stock valued at $45,119,220. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 1.1 %

CRWD opened at $375.62 on Friday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. 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 firm has a 50-day simple moving average of $375.78 and a two-hundred day simple moving average of $358.29. The company has a market capitalization of $93.11 billion, a PE ratio of 736.52, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

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.