BerganKDV Wealth Management LLC lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 99.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203 shares of the company’s stock after buying an additional 101 shares during the period. BerganKDV Wealth Management LLC’s holdings in CrowdStrike were worth $34,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Psagot Value Holdings Ltd. Israel purchased a new position in shares of CrowdStrike in the 4th quarter worth $27,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in CrowdStrike by 440.0% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 135 shares of the company’s stock worth $28,000 after purchasing an additional 110 shares during the period. Bank of New Hampshire bought a new position in CrowdStrike in the 1st quarter worth $30,000. Core Alternative Capital raised its holdings in CrowdStrike by 2,233.3% in the 1st quarter. Core Alternative Capital now owns 140 shares of the company’s stock worth $32,000 after purchasing an additional 134 shares during the period. Finally, Proffitt & Goodson Inc. bought a new position in CrowdStrike in the 1st quarter worth $34,000. 67.43% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on CRWD shares. Guggenheim started coverage on CrowdStrike in a report on Friday, August 12th. They issued a “buy” rating and a $270.00 target price on the stock. Canaccord Genuity Group raised their target price on CrowdStrike from $212.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, August 31st. JMP Securities reissued a “buy” rating and set a $275.00 price target on shares of CrowdStrike in a report on Friday, June 3rd. Atlantic Securities started coverage on CrowdStrike in a report on Friday, September 2nd. They set a “neutral” rating and a $200.00 price target on the stock. Finally, Barclays raised their price target on CrowdStrike from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, August 31st. One research analyst has rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.71.
Insider Activity at CrowdStrike
CrowdStrike Stock Down 4.7 %
Shares of NASDAQ:CRWD opened at $161.28 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $130.00 and a 1 year high of $298.48. The business has a 50 day simple moving average of $185.18 and a two-hundred day simple moving average of $185.74. The firm has a market capitalization of $37.64 billion, a PE ratio of -215.04 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.80 and a quick ratio of 1.80.
CrowdStrike (NASDAQ:CRWD – Get Rating) last announced its quarterly earnings results on Tuesday, August 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The firm had revenue of $535.15 million during the quarter, compared to analyst estimates of $516.44 million. CrowdStrike had a negative return on equity of 12.96% and a negative net margin of 9.45%. CrowdStrike’s quarterly revenue was up 58.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.21) earnings per share. On average, equities analysts predict that CrowdStrike Holdings, Inc. will post -0.75 EPS for the current year.
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.
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