Jag Capital Management LLC Takes $10.19 Million Position in CrowdStrike $CRWD

Jag Capital Management LLC purchased a new position in shares of CrowdStrike (NASDAQ:CRWD) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 20,010 shares of the company’s stock, valued at approximately $10,191,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike during the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after acquiring an additional 40 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in CrowdStrike during the first quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. grew its stake in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in CrowdStrike in the 1st quarter worth about $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CRWD. Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a report on Tuesday, September 23rd. Morgan Stanley raised their price objective on shares of CrowdStrike from $460.00 to $475.00 and gave the company an “equal weight” rating in a research report on Thursday, September 18th. Roth Capital reiterated a “buy” rating and issued a $510.00 target price (up from $410.00) on shares of CrowdStrike in a research note on Thursday, September 18th. UBS Group dropped their price target on shares of CrowdStrike from $545.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, August 28th. Finally, Macquarie raised their price target on shares of CrowdStrike from $465.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $494.02.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 17,830 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total value of $8,817,469.90. Following the sale, the chief executive officer owned 2,115,057 shares of the company’s stock, valued at $1,045,959,138.21. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Burt W. Podbere sold 10,706 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $495.67, for a total value of $5,306,643.02. Following the transaction, the chief financial officer owned 220,424 shares of the company’s stock, valued at approximately $109,257,564.08. This trade represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 155,743 shares of company stock valued at $74,348,319 in the last quarter. Insiders own 3.32% of the company’s stock.

CrowdStrike Trading Up 3.0%

NASDAQ:CRWD opened at $508.61 on Tuesday. The company’s 50 day moving average is $451.12 and its 200-day moving average is $446.01. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 12 month low of $294.68 and a 12 month high of $517.98. The firm has a market cap of $127.64 billion, a price-to-earnings ratio of -427.40, a P/E/G ratio of 116.01 and a beta of 1.19.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. CrowdStrike’s revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business posted $1.04 EPS. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

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.