Coatue Management LLC increased its holdings in Crowdstrike Holdings Inc (NASDAQ:CRWD) by 39.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,430,076 shares of the company’s stock after acquiring an additional 1,251,420 shares during the quarter. Crowdstrike comprises about 3.9% of Coatue Management LLC’s investment portfolio, making the stock its 9th biggest holding. Coatue Management LLC’s holdings in Crowdstrike were worth $444,292,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. Sugarloaf Wealth Management LLC bought a new stake in Crowdstrike during the 2nd quarter valued at about $25,000. Creative Financial Designs Inc. ADV acquired a new position in Crowdstrike in the 2nd quarter worth approximately $25,000. Global Wealth Management Investment Advisory Inc. increased its holdings in Crowdstrike by 70.0% in the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 255 shares of the company’s stock worth $26,000 after buying an additional 105 shares during the period. Trustcore Financial Services LLC acquired a new position in Crowdstrike in the 1st quarter worth approximately $28,000. Finally, Synovus Financial Corp acquired a new position in Crowdstrike in the 1st quarter worth approximately $32,000. Institutional investors own 66.06% of the company’s stock.
In other news, Director Joseph E. Sexton sold 12,500 shares of Crowdstrike stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $95.96, for a total transaction of $1,199,500.00. Following the transaction, the director now owns 12,500 shares in the company, valued at approximately $1,199,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 37,426 shares of Crowdstrike stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $124.78, for a total value of $4,670,016.28. In the last quarter, insiders have sold 9,010,838 shares of company stock worth $936,948,606. Insiders own 11.32% of the company’s stock.
CRWD stock traded down $4.06 during midday trading on Friday, reaching $125.19. The stock had a trading volume of 10,806,313 shares, compared to its average volume of 7,003,715. The company’s fifty day simple moving average is $109.60 and its 200 day simple moving average is $83.60. The company has a market cap of $25.73 billion, a price-to-earnings ratio of -231.83 and a beta of 1.12. Crowdstrike Holdings Inc has a 52-week low of $31.95 and a 52-week high of $153.10.
Crowdstrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $198.97 million for the quarter, compared to analyst estimates of $188.56 million. Crowdstrike had a negative return on equity of 15.27% and a negative net margin of 17.27%. The firm’s revenue for the quarter was up 84.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.18) EPS. On average, analysts predict that Crowdstrike Holdings Inc will post -0.5 EPS for the current fiscal year.
A number of equities research analysts have recently commented on CRWD shares. BidaskClub raised shares of Crowdstrike from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Citigroup raised shares of Crowdstrike from a “sell” rating to a “neutral” rating and set a $116.00 price objective on the stock in a research note on Thursday, July 9th. Stifel Nicolaus raised their price objective on shares of Crowdstrike from $125.00 to $145.00 in a research note on Thursday. Credit Suisse Group raised their price objective on shares of Crowdstrike from $80.00 to $125.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Piper Sandler raised their price objective on shares of Crowdstrike from $115.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Crowdstrike presently has an average rating of “Buy” and an average price target of $130.17.
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