IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 6,230 Shares of CrowdStrike $CRWD

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in CrowdStrike (NASDAQ:CRWDFree Report) by 36.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,470 shares of the company’s stock after purchasing an additional 6,230 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in CrowdStrike were worth $11,509,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Capital Investment Advisory Services LLC increased its position in shares of CrowdStrike by 2.9% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 3,572 shares of the company’s stock worth $1,752,000 after purchasing an additional 99 shares in the last quarter. Aurdan Capital Management LLC bought a new stake in CrowdStrike during the third quarter worth about $208,000. Modus Advisors LLC grew its stake in CrowdStrike by 3.6% during the third quarter. Modus Advisors LLC now owns 7,544 shares of the company’s stock worth $3,699,000 after buying an additional 262 shares during the last quarter. Harmony Asset Management LLC increased its holdings in shares of CrowdStrike by 8.8% during the third quarter. Harmony Asset Management LLC now owns 3,323 shares of the company’s stock worth $1,630,000 after buying an additional 268 shares in the last quarter. Finally, Fusion Capital LLC increased its holdings in shares of CrowdStrike by 2.6% during the third quarter. Fusion Capital LLC now owns 1,075 shares of the company’s stock worth $584,000 after buying an additional 27 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Trending Headlines about CrowdStrike

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Wall Street Analyst Weigh In

CRWD has been the topic of several recent analyst reports. Citizens Jmp reissued a “market outperform” rating and issued a $500.00 target price on shares of CrowdStrike in a report on Wednesday, December 3rd. Wedbush reiterated an “outperform” rating and issued a $600.00 price objective on shares of CrowdStrike in a research report on Monday, December 1st. TD Cowen reissued a “buy” rating on shares of CrowdStrike in a research note on Thursday, January 8th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, October 15th. Finally, Arete Research set a $706.00 price target on CrowdStrike in a report on Tuesday, October 28th. Thirty-one equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $555.21.

Check Out Our Latest Analysis on CRWD

CrowdStrike Trading Down 9.2%

Shares of CRWD opened at $377.16 on Friday. The stock’s fifty day simple moving average is $472.65 and its 200-day simple moving average is $475.65. The firm has a market capitalization of $95.08 billion, a PE ratio of -299.33, a price-to-earnings-growth ratio of 23.77 and a beta of 1.03. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business posted $0.93 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 28,853 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $413.01, for a total value of $11,916,577.53. Following the transaction, the chief executive officer directly owned 2,054,902 shares in the company, valued at $848,695,075.02. This represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 836 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $476.83, for a total transaction of $398,629.88. Following the completion of the transaction, the chief accounting officer directly owned 43,726 shares in the company, valued at approximately $20,849,868.58. The trade was a 1.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 100,247 shares of company stock valued at $45,722,274 over the last 90 days. Company insiders own 3.32% of the company’s stock.

CrowdStrike Profile

(Free Report)

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.

Further Reading

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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