Capital Asset Advisory Services LLC acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 658 shares of the company’s stock, valued at approximately $139,000.
A number of other institutional investors have also recently bought and sold shares of the business. Guggenheim Capital LLC lifted its holdings in shares of CrowdStrike by 12.9% during the third quarter. Guggenheim Capital LLC now owns 4,468 shares of the company’s stock valued at $614,000 after purchasing an additional 512 shares during the last quarter. ProShare Advisors LLC purchased a new position in shares of CrowdStrike during the third quarter valued at approximately $921,000. State of Tennessee Treasury Department purchased a new position in shares of CrowdStrike during the third quarter valued at approximately $1,713,000. AQR Capital Management LLC purchased a new position in shares of CrowdStrike during the third quarter valued at approximately $2,810,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of CrowdStrike by 191.8% during the third quarter. Cubist Systematic Strategies LLC now owns 127,317 shares of the company’s stock valued at $17,483,000 after purchasing an additional 83,679 shares during the last quarter. 60.00% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently issued reports on CRWD. Needham & Company LLC lifted their target price on shares of CrowdStrike from $200.00 to $275.00 and gave the company a “buy” rating in a report on Tuesday, March 23rd. BTIG Research lifted their target price on shares of CrowdStrike from $206.00 to $236.00 and gave the company a “buy” rating in a report on Thursday, December 31st. Canaccord Genuity began coverage on shares of CrowdStrike in a report on Tuesday, February 16th. They set a “buy” rating and a $280.00 target price for the company. Mizuho boosted their price objective on shares of CrowdStrike from $205.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, February 17th. Finally, The Goldman Sachs Group boosted their price objective on shares of CrowdStrike from $186.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, January 8th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $229.64.
CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Monday, March 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. CrowdStrike had a negative net margin of 13.40% and a negative return on equity of 12.79%. The firm had revenue of $264.90 million during the quarter, compared to the consensus estimate of $250.56 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. The company’s revenue for the quarter was up 74.2% compared to the same quarter last year. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.
In related news, insider Shawn Henry sold 15,000 shares of the company’s stock in a transaction on Tuesday, January 19th. The shares were sold at an average price of $219.70, for a total value of $3,295,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Carpenter sold 500 shares of the company’s stock in a transaction on Tuesday, February 9th. The stock was sold at an average price of $225.08, for a total transaction of $112,540.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 446,015 shares of company stock valued at $93,931,994. Insiders own 11.32% of the company’s stock.
CrowdStrike Holdings, Inc provides cloud-delivered solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. It offers 19 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.
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