Mark Asset Management LP grew its position in shares of Crowdstrike Holdings Inc (NASDAQ:CRWD) by 182.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,862 shares of the company’s stock after buying an additional 64,551 shares during the quarter. Crowdstrike accounts for approximately 1.9% of Mark Asset Management LP’s investment portfolio, making the stock its 17th biggest holding. Mark Asset Management LP’s holdings in Crowdstrike were worth $10,015,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC bought a new position in shares of Crowdstrike during the 2nd quarter worth approximately $25,000. Creative Financial Designs Inc. ADV bought a new position in shares of Crowdstrike during the 2nd quarter worth approximately $25,000. Global Wealth Management Investment Advisory Inc. lifted its position in shares of Crowdstrike by 70.0% during 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 in the last quarter. Sandy Spring Bank bought a new stake in shares of Crowdstrike in the 2nd quarter worth approximately $33,000. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Crowdstrike by 81.6% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 356 shares of the company’s stock worth $36,000 after purchasing an additional 160 shares during the period. 66.06% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Denis Oleary sold 25,000 shares of Crowdstrike stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $138.39, for a total transaction of $3,459,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $4,670,016.28. Insiders have sold a total of 9,010,838 shares of company stock valued at $936,948,606 over the last 90 days. Company insiders own 11.32% of the company’s stock.
Shares of CRWD traded down $4.06 during mid-day trading on Friday, reaching $125.19. 10,806,313 shares of the stock traded hands, compared to its average volume of 7,003,715. The firm has a fifty day moving average price of $109.60 and a 200 day moving average price of $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 1 year low of $31.95 and a 1 year high of $153.10.
Crowdstrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $198.97 million during the quarter, compared to analyst estimates of $188.56 million. Crowdstrike had a negative net margin of 17.27% and a negative return on equity of 15.27%. The business’s revenue for the quarter was up 84.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.18) EPS. Equities analysts anticipate that Crowdstrike Holdings Inc will post -0.5 EPS for the current fiscal year.
A number of research firms recently commented on CRWD. Stifel Nicolaus lifted their price target on shares of Crowdstrike from $125.00 to $145.00 in a report on Thursday. Piper Sandler lifted their price target on shares of Crowdstrike from $115.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup raised shares of Crowdstrike from a “sell” rating to a “neutral” rating and set a $116.00 price target on the stock in a report on Thursday, July 9th. SunTrust Banks lifted their price target on shares of Crowdstrike from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $120.00 price target on shares of Crowdstrike in a report on Friday, June 26th. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Crowdstrike presently has a consensus rating of “Buy” and an average target price of $130.17.
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