Means Investment CO. Inc. lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,970 shares of the company’s stock after selling 510 shares during the quarter. Means Investment CO. Inc.’s holdings in CrowdStrike were worth $360,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Coastal Investment Advisors Inc. lifted its stake in CrowdStrike by 2.8% during the 4th quarter. Coastal Investment Advisors Inc. now owns 1,628 shares of the company’s stock valued at $345,000 after acquiring an additional 45 shares in the last quarter. Eudaimonia Partners LLC lifted its stake in CrowdStrike by 8.7% during the 4th quarter. Eudaimonia Partners LLC now owns 738 shares of the company’s stock valued at $156,000 after acquiring an additional 59 shares in the last quarter. Laurel Wealth Advisors LLC raised its stake in shares of CrowdStrike by 57.1% during the 4th quarter. Laurel Wealth Advisors LLC now owns 165 shares of the company’s stock worth $35,000 after purchasing an additional 60 shares during the period. Winch Advisory Services LLC raised its stake in shares of CrowdStrike by 34.1% during the 4th quarter. Winch Advisory Services LLC now owns 236 shares of the company’s stock worth $50,000 after purchasing an additional 60 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its stake in shares of CrowdStrike by 7.5% during the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 893 shares of the company’s stock worth $189,000 after purchasing an additional 62 shares during the period. 60.00% of the stock is owned by institutional investors and hedge funds.
CRWD has been the topic of a number of recent analyst reports. Bank of America reiterated a “buy” rating and set a $250.00 target price on shares of CrowdStrike in a research note on Wednesday, March 17th. JPMorgan Chase & Co. cut CrowdStrike from an “overweight” rating to a “neutral” rating and set a $175.00 price objective on the stock. in a research note on Wednesday, December 9th. UBS Group lowered their price objective on CrowdStrike from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, March 17th. Oppenheimer boosted their price objective on CrowdStrike from $190.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, March 23rd. Finally, Credit Suisse Group began coverage on CrowdStrike in a research note on Tuesday, March 16th. They issued a “neutral” rating and a $225.00 price objective on the stock. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $229.64.
In related news, insider Michael J. Carpenter sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $225.08, for a total transaction of $112,540.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Abhishek Maheshwari sold 2,385 shares of the company’s stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $191.90, for a total value of $457,681.50. The disclosure for this sale can be found here. Insiders sold 446,015 shares of company stock valued at $93,931,994 in the last quarter. Corporate insiders own 11.32% of the company’s stock.
CRWD stock traded up $7.04 during midday trading on Thursday, hitting $200.97. The company had a trading volume of 100,944 shares, compared to its average volume of 4,133,583. CrowdStrike Holdings, Inc. has a 52 week low of $57.36 and a 52 week high of $251.28. The stock’s 50 day moving average price is $201.00 and its 200 day moving average price is $181.92. The stock has a market cap of $44.99 billion, a price-to-earnings ratio of -404.01 and a beta of 1.32.
CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Monday, March 15th. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.05. CrowdStrike had a negative return on equity of 12.79% and a negative net margin of 13.40%. 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 company posted ($0.02) earnings per share. The business’s revenue was up 74.2% on a year-over-year basis. Equities research analysts predict that CrowdStrike Holdings, Inc. will post -0.37 EPS for the current year.
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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