Paragon Advisors LLC Purchases Shares of 5,778 Crowdstrike Holdings Inc (NASDAQ:CRWD)

Paragon Advisors LLC purchased a new stake in Crowdstrike Holdings Inc (NASDAQ:CRWD) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,778 shares of the company’s stock, valued at approximately $579,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Matrix Capital Management Company LP purchased a new stake in Crowdstrike during the 1st quarter worth $135,581,000. Jennison Associates LLC purchased a new stake in Crowdstrike during the 1st quarter worth $130,276,000. JPMorgan Chase & Co. increased its stake in Crowdstrike by 2.9% during the 1st quarter. JPMorgan Chase & Co. now owns 2,311,039 shares of the company’s stock worth $128,680,000 after buying an additional 66,026 shares during the period. Fred Alger Management LLC increased its stake in Crowdstrike by 163.8% during the 1st quarter. Fred Alger Management LLC now owns 2,191,458 shares of the company’s stock worth $122,020,000 after buying an additional 1,360,680 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in Crowdstrike by 1,390.5% during the 4th quarter. Point72 Asset Management L.P. now owns 1,746,109 shares of the company’s stock worth $87,078,000 after buying an additional 1,628,963 shares during the period. Institutional investors own 54.37% of the company’s stock.

In other news, COO Colin Black sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $60.00, for a total transaction of $1,500,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Burt W. Podbere sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $101.67, for a total transaction of $10,167,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,295,616 shares of company stock valued at $920,782,697. Company insiders own 11.32% of the company’s stock.

Shares of NASDAQ:CRWD traded up $0.12 during trading on Tuesday, reaching $106.51. The company had a trading volume of 211,044 shares, compared to its average volume of 7,525,526. The firm’s fifty day moving average is $93.91 and its 200 day moving average is $67.76. The firm has a market capitalization of $22.05 billion and a PE ratio of -134.19. Crowdstrike Holdings Inc has a twelve month low of $31.95 and a twelve month high of $109.68.

Crowdstrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 2nd. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.08. Crowdstrike had a negative net margin of 23.97% and a negative return on equity of 18.48%. The business had revenue of $178.08 million during the quarter, compared to analyst estimates of $165.39 million. During the same period in the prior year, the business earned ($0.47) earnings per share. The business’s quarterly revenue was up 85.3% on a year-over-year basis. On average, research analysts forecast that Crowdstrike Holdings Inc will post -0.5 EPS for the current year.

CRWD has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Crowdstrike from $109.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Bank of America reissued a “buy” rating and issued a $114.00 target price (up previously from $100.00) on shares of Crowdstrike in a research report on Wednesday, June 3rd. SunTrust Banks boosted their target price on shares of Crowdstrike from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. JMP Securities boosted their target price on shares of Crowdstrike from $60.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Finally, BidaskClub raised shares of Crowdstrike from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Crowdstrike presently has a consensus rating of “Buy” and a consensus target price of $101.44.

Further Reading: Limitations of the P/E Growth ratio

Institutional Ownership by Quarter for Crowdstrike (NASDAQ:CRWD)

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