Prudential Financial Inc. lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,137 shares of the company’s stock after purchasing an additional 229 shares during the quarter. Prudential Financial Inc.’s holdings in CrowdStrike were worth $930,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. FinTrust Capital Advisors LLC lifted its position in shares of CrowdStrike by 69.2% in the second quarter. FinTrust Capital Advisors LLC now owns 110 shares of the company’s stock worth $28,000 after purchasing an additional 45 shares in the last quarter. Sandy Spring Bank increased its holdings in CrowdStrike by 10.0% during the second quarter. Sandy Spring Bank now owns 507 shares of the company’s stock worth $127,000 after buying an additional 46 shares during the last quarter. Clearstead Advisors LLC increased its holdings in CrowdStrike by 39.7% during the second quarter. Clearstead Advisors LLC now owns 176 shares of the company’s stock worth $44,000 after buying an additional 50 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in CrowdStrike by 2.6% during the second quarter. Silvercrest Asset Management Group LLC now owns 2,058 shares of the company’s stock worth $517,000 after buying an additional 52 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in CrowdStrike by 6.1% during the second quarter. Valeo Financial Advisors LLC now owns 938 shares of the company’s stock worth $236,000 after buying an additional 54 shares during the last quarter. 61.61% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO George Kurtz sold 68,426 shares of the stock in a transaction dated Tuesday, September 21st. The shares were sold at an average price of $256.95, for a total value of $17,582,060.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Abhishek Maheshwari sold 3,136 shares of the stock in a transaction dated Tuesday, September 21st. The stock was sold at an average price of $254.60, for a total transaction of $798,425.60. The disclosure for this sale can be found here. Insiders have sold 154,399 shares of company stock valued at $40,321,394 in the last ninety days. 8.64% of the stock is currently owned by company insiders.
CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Monday, August 30th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.02. CrowdStrike had a negative net margin of 16.34% and a negative return on equity of 13.86%. The business had revenue of $337.69 million during the quarter, compared to analysts’ expectations of $323.53 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. CrowdStrike’s revenue was up 69.7% compared to the same quarter last year. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post -0.53 EPS for the current fiscal year.
A number of brokerages recently weighed in on CRWD. Zacks Investment Research downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $256.00 target price on the stock. in a report on Monday, August 16th. Piper Sandler boosted their target price on shares of CrowdStrike from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, September 1st. Needham & Company LLC restated a “buy” rating and set a $339.00 target price on shares of CrowdStrike in a report on Tuesday. Mizuho boosted their target price on shares of CrowdStrike from $330.00 to $360.00 and gave the stock a “buy” rating in a report on Monday, November 15th. They noted that the move was a valuation call. Finally, Robert W. Baird upped their price objective on shares of CrowdStrike from $250.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, September 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has an average rating of “Buy” and a consensus target price of $291.61.
CrowdStrike Company Profile
CrowdStrike Holdings, Inc is a holding company, which engages in the provision of cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. It operates through Domestic and International geographical segments.
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