Nissay Asset Management Corp Japan ADV acquired a new stake in Crowdstrike Holdings Inc (NASDAQ:CRWD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,910 shares of the company’s stock, valued at approximately $1,094,000.
Several other large investors also recently bought and sold shares of CRWD. Guggenheim Capital LLC bought a new stake in shares of Crowdstrike in the 4th quarter valued at approximately $385,000. Bank of New York Mellon Corp lifted its stake in shares of Crowdstrike by 34.2% during the 4th quarter. Bank of New York Mellon Corp now owns 16,145 shares of the company’s stock worth $805,000 after acquiring an additional 4,111 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Crowdstrike by 10,254.4% during the 4th quarter. Cubist Systematic Strategies LLC now owns 11,804 shares of the company’s stock worth $589,000 after acquiring an additional 11,690 shares during the last quarter. Baird Financial Group Inc. bought a new stake in shares of Crowdstrike during the 4th quarter worth approximately $423,000. Finally, Geode Capital Management LLC lifted its stake in shares of Crowdstrike by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 164,617 shares of the company’s stock worth $8,209,000 after acquiring an additional 3,290 shares during the last quarter. 54.23% of the stock is owned by institutional investors and hedge funds.
CRWD has been the subject of a number of research analyst reports. Credit Suisse Group raised their price target on Crowdstrike from $65.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Barclays raised their price objective on Crowdstrike from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Robert W. Baird raised their price objective on Crowdstrike from $77.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Royal Bank of Canada raised their price objective on Crowdstrike from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, June 12th. Finally, Needham & Company LLC raised their price objective on Crowdstrike from $92.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Crowdstrike presently has an average rating of “Buy” and an average target price of $105.83.
Crowdstrike stock opened at $113.20 on Friday. Crowdstrike Holdings Inc has a twelve month low of $31.95 and a twelve month high of $118.58. The stock’s fifty day simple moving average is $103.87 and its 200-day simple moving average is $74.78.
Crowdstrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. Crowdstrike had a negative return on equity of 18.48% and a negative net margin of 23.97%. The business had revenue of $178.08 million for the quarter, compared to analyst estimates of $165.39 million. During the same quarter in the prior year, the company earned ($0.47) earnings per share. The company’s revenue was up 85.3% on a year-over-year basis. Analysts predict that Crowdstrike Holdings Inc will post -0.5 EPS for the current year.
In related news, CEO George Kurtz sold 249,498 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $77.13, for a total value of $19,243,780.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pincus Private Equity Warburg sold 7,228,626 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $103.60, for a total value of $748,885,653.60. Following the completion of the transaction, the director now directly owns 7,228,626 shares in the company, valued at approximately $748,885,653.60. The disclosure for this sale can be found here. Insiders have sold 9,147,077 shares of company stock worth $931,803,353 in the last ninety days. Corporate insiders own 11.32% of the company’s stock.
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