Jupiter Asset Management Ltd. Acquires New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Jupiter Asset Management Ltd. acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 10,848 shares of the company’s stock, valued at approximately $1,488,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 518.0% in the 2nd quarter. Vanguard Group Inc. now owns 11,256,037 shares of the company’s stock valued at $1,128,867,000 after purchasing an additional 9,434,623 shares during the last quarter. BlackRock Inc. lifted its stake in shares of CrowdStrike by 67.6% in the 3rd quarter. BlackRock Inc. now owns 9,136,950 shares of the company’s stock valued at $1,254,685,000 after purchasing an additional 3,685,952 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of CrowdStrike by 271.6% in the 2nd quarter. Jennison Associates LLC now owns 8,695,485 shares of the company’s stock valued at $872,070,000 after purchasing an additional 6,355,765 shares during the last quarter. Coatue Management LLC lifted its stake in shares of CrowdStrike by 39.4% in the 2nd quarter. Coatue Management LLC now owns 4,430,076 shares of the company’s stock valued at $444,292,000 after purchasing an additional 1,251,420 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of CrowdStrike by 12.9% in the 3rd quarter. First Trust Advisors LP now owns 2,013,711 shares of the company’s stock valued at $276,523,000 after purchasing an additional 230,491 shares during the last quarter. 62.22% of the stock is owned by institutional investors and hedge funds.

Shares of CRWD stock opened at $145.72 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $31.95 and a 1 year high of $153.90. The firm’s 50 day moving average is $137.53 and its 200-day moving average is $113.46. The firm has a market capitalization of $31.98 billion, a price-to-earnings ratio of -269.85 and a beta of 1.12.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, September 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.04. CrowdStrike had a negative net margin of 17.27% and a negative return on equity of 14.99%. The company had revenue of $198.97 million for the quarter, compared to analyst estimates of $188.56 million. During the same period in the prior year, the business earned ($0.18) earnings per share. CrowdStrike’s quarterly revenue was up 84.0% on a year-over-year basis. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post -0.52 earnings per share for the current year.

CRWD has been the topic of several recent analyst reports. Credit Suisse Group lifted their target price on shares of CrowdStrike from $80.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. Royal Bank of Canada lifted their target price on shares of CrowdStrike from $120.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Oppenheimer reiterated a “buy” rating and issued a $140.00 target price on shares of CrowdStrike in a report on Thursday, September 24th. Barclays lifted their target price on shares of CrowdStrike from $114.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, August 31st. Finally, Needham & Company LLC lifted their target price on shares of CrowdStrike from $120.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $134.75.

In related news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $112.91, for a total transaction of $3,387,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 1,600 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $127.03, for a total transaction of $203,248.00. The disclosure for this sale can be found here. Insiders have sold 885,293 shares of company stock worth $119,709,887 over the last quarter. 11.32% of the stock is owned by company insiders.

CrowdStrike Profile

CrowdStrike Holdings, Inc provides cloud-delivered solutions for next-generation endpoint protection in the United States, Australia, Germany, India, Romania, and the United Kingdom. It offers 11 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as endpoint security, security and IT operations, and threat intelligence to deliver comprehensive breach protection even against today's most sophisticated attacks.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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