Ameritas Advisory Services LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) in the first quarter, HoldingsChannel reports. The fund bought 1,407 shares of the company’s stock, valued at approximately $184,000.
A number of other large investors have also modified their holdings of the stock. Wealthfront Advisers LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at about $341,000. State of Michigan Retirement System acquired a new stake in shares of CrowdStrike in the first quarter valued at about $24,734,000. Janney Montgomery Scott LLC grew its stake in shares of CrowdStrike by 7.0% in the first quarter. Janney Montgomery Scott LLC now owns 54,043 shares of the company’s stock valued at $7,418,000 after buying an additional 3,513 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of CrowdStrike by 5.3% in the first quarter. Handelsbanken Fonder AB now owns 85,485 shares of the company’s stock valued at $11,734,000 after buying an additional 4,314 shares in the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at about $4,049,000. Institutional investors and hedge funds own 61.40% of the company’s stock.
Analysts Set New Price Targets
CRWD has been the subject of a number of recent research reports. BMO Capital Markets increased their target price on CrowdStrike from $153.00 to $165.00 in a research note on Thursday, June 1st. Macquarie restated an “outperform” rating and set a $180.00 price objective on shares of CrowdStrike in a research note on Thursday, April 6th. The Goldman Sachs Group raised their price objective on CrowdStrike from $159.00 to $167.00 in a research note on Thursday, June 1st. Rosenblatt Securities started coverage on CrowdStrike in a research note on Monday, May 1st. They set a “buy” rating and a $170.00 price objective for the company. Finally, Royal Bank of Canada raised their price objective on CrowdStrike from $170.00 to $180.00 in a research note on Tuesday, May 30th. Five investment analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $176.88.
CrowdStrike Stock Down 0.8 %
CrowdStrike (NASDAQ:CRWD – Get Free Report) last issued its quarterly earnings results on Wednesday, May 31st. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.13. CrowdStrike had a negative return on equity of 8.76% and a negative net margin of 6.18%. The company had revenue of $692.58 million for the quarter, compared to analysts’ expectations of $677.30 million. Equities analysts expect that CrowdStrike Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO George Kurtz sold 59,465 shares of CrowdStrike stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $144.26, for a total value of $8,578,420.90. Following the transaction, the chief executive officer now directly owns 1,119,971 shares in the company, valued at approximately $161,567,016.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Shawn Henry sold 9,218 shares of CrowdStrike stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $150.48, for a total value of $1,387,124.64. Following the transaction, the insider now directly owns 228,752 shares in the company, valued at approximately $34,422,600.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 59,465 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $144.26, for a total value of $8,578,420.90. Following the completion of the sale, the chief executive officer now directly owns 1,119,971 shares of the company’s stock, valued at approximately $161,567,016.46. The disclosure for this sale can be found here. Insiders have sold 342,479 shares of company stock worth $51,344,648 in the last three months. 5.68% of the stock is currently owned by insiders.
About CrowdStrike
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.
Featured Stories
- Five stocks we like better than CrowdStrike
- Why is the Ex-Dividend Date Significant to Investors?
- 3 Housing Stocks to Avoid as Interest Rates Rise
- Utilities Stocks Explained – How and Why to Invest in Utilities
- AMC: Is a Big Squeeze in the Coming Attractions?
- Stock Dividend Cuts Happen Are You Ready?
- Rivian: A Roaring Rise Or Time To Cash Out?
Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report).
Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.
