Shelton Capital Management Has $19.43 Million Stock Holdings in CrowdStrike $CRWD

Shelton Capital Management increased its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,144 shares of the company’s stock after buying an additional 512 shares during the quarter. Shelton Capital Management’s holdings in CrowdStrike were worth $19,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new stake in CrowdStrike during the 1st quarter worth about $26,000. AlphaQuest LLC acquired a new position in shares of CrowdStrike in the 2nd quarter valued at about $26,000. Financial Gravity Companies Inc. purchased a new stake in shares of CrowdStrike in the second quarter worth approximately $33,000. Saudi Central Bank acquired a new stake in shares of CrowdStrike during the first quarter worth approximately $34,000. Finally, Financial Management Professionals Inc. boosted its holdings in shares of CrowdStrike by 91.9% during the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock worth $36,000 after purchasing an additional 34 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Stephens upped their price objective on shares of CrowdStrike from $525.00 to $590.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. New Street Research set a $460.00 price target on shares of CrowdStrike in a report on Thursday, August 28th. BMO Capital Markets increased their price objective on CrowdStrike from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, September 18th. DA Davidson lifted their price objective on CrowdStrike from $515.00 to $580.00 and gave the company a “buy” rating in a research report on Monday, November 24th. Finally, Roth Capital restated a “buy” rating and issued a $510.00 target price (up previously from $410.00) on shares of CrowdStrike in a research note on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $543.75.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $509.51 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $127.87 billion, a price-to-earnings ratio of -428.16, a P/E/G ratio of 120.02 and a beta of 1.09. The business’s 50-day simple moving average is $511.77 and its 200-day simple moving average is $477.41. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $566.90.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 10,000 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the transaction, the president owned 354,116 shares in the company, valued at $182,369,740. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Johanna Flower sold 2,347 shares of CrowdStrike stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the completion of the transaction, the director directly owned 79,057 shares in the company, valued at approximately $38,815,405.86. This represents a 2.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 116,622 shares of company stock valued at $58,561,456. Insiders own 3.32% of the company’s stock.

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.