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.
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.
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