MYDA Advisors LLC trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the company’s stock after selling 520 shares during the period. MYDA Advisors LLC’s holdings in CrowdStrike were worth $1,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in CRWD. Front Row Advisors LLC purchased a new stake in CrowdStrike during the 1st quarter worth about $27,000. Ellevest Inc. purchased a new stake in shares of CrowdStrike in the 1st quarter valued at about $27,000. Baillie Gifford & Co. purchased a new stake in shares of CrowdStrike in the 4th quarter valued at about $28,000. Glassman Wealth Services raised its stake in CrowdStrike by 201.8% during the 1st quarter. Glassman Wealth Services now owns 169 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares during the last quarter. Finally, NewSquare Capital LLC raised its stake in CrowdStrike by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 150 shares of the company’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. 60.59% of the stock is owned by institutional investors.
NASDAQ CRWD traded up $0.43 during trading hours on Friday, hitting $229.03. The company had a trading volume of 114,294 shares, compared to its average volume of 3,923,981. The business’s 50 day moving average is $206.95. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.07 and a quick ratio of 2.65. The stock has a market cap of $51.27 billion, a P/E ratio of -317.50 and a beta of 1.23. CrowdStrike Holdings, Inc. has a fifty-two week low of $91.05 and a fifty-two week high of $251.28.
In related news, insider Shawn Henry sold 8,000 shares of CrowdStrike stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $216.10, for a total value of $1,728,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerhard Watzinger sold 5,000 shares of CrowdStrike stock in a transaction dated Tuesday, June 1st. The stock was sold at an average price of $223.11, for a total value of $1,115,550.00. The disclosure for this sale can be found here. Insiders sold 353,433 shares of company stock valued at $71,446,901 over the last quarter. Insiders own 8.64% of the company’s stock.
CRWD has been the subject of several analyst reports. UBS Group reduced their price objective on CrowdStrike from $275.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, March 17th. Piper Sandler boosted their target price on CrowdStrike from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 17th. Credit Suisse Group started coverage on CrowdStrike in a research report on Tuesday, March 16th. They set a “neutral” rating and a $225.00 target price on the stock. Needham & Company LLC boosted their target price on CrowdStrike from $275.00 to $277.00 and gave the stock a “buy” rating in a research report on Friday, June 4th. Finally, Royal Bank of Canada boosted their target price on CrowdStrike from $250.00 to $259.00 and gave the stock an “outperform” rating in a research report on Friday, June 4th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $239.88.
CrowdStrike Company Profile
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.
Read More: Why do analysts give a neutral rating?
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