CrowdStrike Holdings, Inc. (CRWD): I Sold Some For My Trust, Says Jim Cramer

We recently published 11 Stocks Jim Cramer Just Discussed As He Shared Why Stocks Are Rising. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the stocks Jim Cramer recently discussed.

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the largest cybersecurity companies in the world. Its shares have gained 46% year-to-date and have successfully recovered their 32% in losses between mid-February and March. However, while the stock is up since its March bottom, it fell by close to 6% in June after CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s midpoint quarterly revenue guidance of $1.145 billion fell short of analyst estimates of $1.16 billion. In his previous remarks about the company, Cramer has continued to remain bullish about the cybersecurity industry due to several factors, such as state-backed cyber criminals. Here are his recent thoughts about CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the aftermath of a Piper Sandler downgrade:

“I myself have sold some Crowdstrike for my charitable trust cause I said, alright, this is one of the greatest runs we’ve ever had. And I’m being, you know I don’t like the fact that I’m being greedy. And I don’t mean, George Kurtz watched the show, and I’m sorry George Kurtz, I just don’t want to be part of that.”

Previously, Cramer commented on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the context of strength in the cybersecurity market:

“First positive area is cybersecurity. The dangers have never been greater, and the group’s winners are bountiful because there’s just so much business, because there are so many cyber criminals, and some of them are state-sponsored. We’re doing something for the club that we’ve never done. We actually own two of them for the trust, two… We own CrowdStrike and Palo Alto Networks. It’s rare for us to have two stocks in the same relatively small sector, but the companies are doing so well that I kind of wish we even owned the third… Still, Palo Alto and CrowdStrike are winning huge deals. And while their stocks have been volatile at reporting time, their long-term direction is clear: It’s higher.”

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Disclosure: None. This article is originally published at Insider Monkey.