First Trust Advisors LP lifted its holdings in shares of Crowdstrike Holdings Inc (NASDAQ:CRWD) by 51.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 129,437 shares of the company’s stock after purchasing an additional 43,889 shares during the period. First Trust Advisors LP’s holdings in Crowdstrike were worth $7,207,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Crowdstrike during the first quarter valued at $19,386,000. Bank of New York Mellon Corp lifted its stake in shares of Crowdstrike by 130.5% during the first quarter. Bank of New York Mellon Corp now owns 37,208 shares of the company’s stock valued at $2,072,000 after acquiring an additional 21,063 shares during the period. Integrated Advisors Network LLC acquired a new position in shares of Crowdstrike during the first quarter valued at $1,059,000. Jennison Associates LLC acquired a new position in shares of Crowdstrike during the first quarter valued at $130,276,000. Finally, Canton Hathaway LLC acquired a new position in shares of Crowdstrike during the first quarter valued at $72,000. Institutional investors own 43.96% of the company’s stock.

NASDAQ CRWD opened at $82.22 on Friday. The firm has a market cap of $16.57 billion and a P/E ratio of -65.25. The stock’s 50-day moving average is $68.33 and its 200-day moving average is $58.00. Crowdstrike Holdings Inc has a one year low of $31.95 and a one year high of $101.88.

Crowdstrike (NASDAQ:CRWD) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.06. The business had revenue of $152.10 million during the quarter, compared to the consensus estimate of $137.80 million. Crowdstrike had a negative return on equity of 33.49% and a negative net margin of 29.45%. Crowdstrike’s revenue was up 88.9% on a year-over-year basis. As a group, analysts anticipate that Crowdstrike Holdings Inc will post -0.5 EPS for the current fiscal year.

Several brokerages have recently issued reports on CRWD. Credit Suisse Group upped their price target on Crowdstrike from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, March 26th. DA Davidson upped their price target on Crowdstrike from $45.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Piper Sandler reissued a “buy” rating and issued a $70.00 target price on shares of Crowdstrike in a research note on Friday, March 20th. Mizuho reissued a “buy” rating and issued a $85.00 target price on shares of Crowdstrike in a research note on Friday, March 20th. Finally, Zacks Investment Research raised Crowdstrike from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Monday, March 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $75.44.

In related news, Director Pincus Private Equity Warburg sold 9,690,000 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $57.51, for a total transaction of $557,271,900.00. Following the completion of the transaction, the director now directly owns 9,690,000 shares in the company, valued at $557,271,900. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael J. Carpenter sold 3,000 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $70.00, for a total value of $210,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,910,787 shares of company stock valued at $635,991,843.

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Institutional Ownership by Quarter for Crowdstrike (NASDAQ:CRWD)

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