LifePro Asset Management raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 57.1% during the second quarter, Holdings Channel.com reports. The fund owned 28,388 shares of the company's stock after buying an additional 10,316 shares during the period. CrowdStrike accounts for approximately 2.5% of LifePro Asset Management's portfolio, making the stock its 16th largest position. LifePro Asset Management's holdings in CrowdStrike were worth $4,785,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in shares of CrowdStrike by 33.3% in the second quarter. Global Retirement Partners LLC now owns 1,168 shares of the company's stock worth $197,000 after purchasing an additional 292 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of CrowdStrike by 62.2% in the second quarter. Wolff Wiese Magana LLC now owns 4,375 shares of the company's stock worth $738,000 after purchasing an additional 1,678 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of CrowdStrike in the second quarter worth about $251,000. Gilman Hill Asset Management LLC increased its holdings in shares of CrowdStrike by 19.2% in the second quarter. Gilman Hill Asset Management LLC now owns 1,550 shares of the company's stock worth $261,000 after purchasing an additional 250 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in shares of CrowdStrike by 13.4% in the second quarter. IFM Investors Pty Ltd now owns 34,716 shares of the company's stock worth $5,852,000 after purchasing an additional 4,109 shares during the last quarter. 67.43% of the stock is owned by institutional investors.
Get CrowdStrike alerts:Analyst Ratings Changes
CRWD has been the topic of several research reports. Guggenheim initiated coverage on CrowdStrike in a report on Friday, August 12th. They issued a "buy" rating and a $270.00 target price on the stock. Truist Financial reaffirmed a "buy" rating and issued a $275.00 target price on shares of CrowdStrike in a report on Thursday. Atlantic Securities started coverage on CrowdStrike in a research report on Friday, September 2nd. They issued a "neutral" rating and a $200.00 price target for the company. Morgan Stanley lifted their price target on CrowdStrike from $215.00 to $217.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 31st. Finally, Canaccord Genuity Group lifted their price target on CrowdStrike from $212.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, August 31st. One equities research analyst has rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and a consensus target price of $241.71.
CrowdStrike Trading Down 0.6 %
Shares of NASDAQ CRWD traded down $0.89 during trading hours on Friday, reaching $160.39. The stock had a trading volume of 2,980,498 shares, compared to its average volume of 4,139,811. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.60. The firm has a market cap of $37.43 billion, a price-to-earnings ratio of -213.85 and a beta of 1.27. The business's fifty day moving average price is $184.83 and its two-hundred day moving average price is $185.76. CrowdStrike Holdings, Inc. has a 52-week low of $130.00 and a 52-week high of $298.48.CrowdStrike (NASDAQ:CRWD – Get Rating) last announced its quarterly earnings results on Tuesday, August 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.08. The firm had revenue of $535.15 million during the quarter, compared to analyst estimates of $516.44 million. CrowdStrike had a negative return on equity of 12.96% and a negative net margin of 9.45%. CrowdStrike's quarterly revenue was up 58.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.21) earnings per share. Analysts expect that CrowdStrike Holdings, Inc. will post -0.76 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CAO Anurag Saha sold 3,032 shares of the business's stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $173.67, for a total value of $526,567.44. Following the completion of the transaction, the chief accounting officer now owns 27,999 shares of the company's stock, valued at $4,862,586.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Shawn Henry sold 12,103 shares of the business's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $200.52, for a total value of $2,426,893.56. Following the completion of the transaction, the insider now owns 180,252 shares of the company's stock, valued at $36,144,131.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 3,032 shares of the business's stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $173.67, for a total transaction of $526,567.44. Following the completion of the transaction, the chief accounting officer now directly owns 27,999 shares of the company's stock, valued at approximately $4,862,586.33. The disclosure for this sale can be found here. Insiders sold 118,114 shares of company stock valued at $20,787,583 over the last 90 days. Corporate insiders own 6.82% of the company's stock.
CrowdStrike Profile
(Get Rating)
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.
Featured Stories
- Get a free copy of the StockNews.com research report on CrowdStrike (CRWD)
- Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
- MarketBeat: Week in Review 9/19 – 9/23
- Why Does Tesla Stock Remain Resilient?
- Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?
- 2 Semiconductor Stocks To Watch For Reversals
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 – Get Rating).
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.