Dragoneer Investment Group LLC Buys Shares of 350,000 Crowdstrike Holdings Inc (NASDAQ:CRWD)

Share on StockTwits

Dragoneer Investment Group LLC bought a new stake in Crowdstrike Holdings Inc (NASDAQ:CRWD) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 350,000 shares of the company’s stock, valued at approximately $23,902,000. Crowdstrike makes up 1.0% of Dragoneer Investment Group LLC’s investment portfolio, making the stock its 14th biggest holding. Dragoneer Investment Group LLC owned 0.18% of Crowdstrike as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. bought a new position in Crowdstrike during the 2nd quarter worth $39,939,000. Artal Group S.A. acquired a new stake in shares of Crowdstrike in the 2nd quarter valued at about $6,829,000. Elkfork Partners LLC acquired a new stake in shares of Crowdstrike in the 2nd quarter valued at about $80,000. First Trust Advisors LP acquired a new stake in shares of Crowdstrike in the 2nd quarter valued at about $6,600,000. Finally, Cooperman Leon G acquired a new position in Crowdstrike during the 2nd quarter valued at about $4,780,000. 2.54% of the stock is currently owned by hedge funds and other institutional investors.

CRWD has been the subject of a number of research reports. SunTrust Banks increased their price target on shares of Crowdstrike to $80.00 and gave the stock a “hold” rating in a research note on Friday, July 19th. Mizuho started coverage on shares of Crowdstrike in a report on Monday, July 8th. They issued a “buy” rating and a $80.00 target price on the stock. Royal Bank of Canada began coverage on shares of Crowdstrike in a report on Monday, July 8th. They issued a “sector perform” rating and a $70.00 price target on the stock. Summit Insights initiated coverage on shares of Crowdstrike in a research note on Wednesday, August 28th. They issued a “hold” rating and a $75.00 price objective for the company. Finally, Bank of America reiterated a “buy” rating and set a $103.00 price objective (up previously from $89.00) on shares of Crowdstrike in a report on Tuesday, August 13th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $87.44.

Shares of CRWD stock traded down $1.33 during trading hours on Thursday, hitting $69.52. The company’s stock had a trading volume of 40,878 shares, compared to its average volume of 3,007,192. The stock has a 50 day simple moving average of $85.08. Crowdstrike Holdings Inc has a 12-month low of $56.00 and a 12-month high of $101.88.

Crowdstrike (NASDAQ:CRWD) last announced its quarterly earnings results on Thursday, September 5th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.25. The firm had revenue of $108.10 million for the quarter, compared to analysts’ expectations of $103.79 million. Crowdstrike’s revenue was up 94.1% compared to the same quarter last year. As a group, equities analysts forecast that Crowdstrike Holdings Inc will post -1.06 earnings per share for the current year.

Featured Article: Retained Earnings

Institutional Ownership by Quarter for Crowdstrike (NASDAQ:CRWD)

Receive News & Ratings for Crowdstrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crowdstrike and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.