Natixis Investment Managers International acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 708 shares of the company’s stock, valued at approximately $177,000.
A number of other institutional investors have also modified their holdings of CRWD. Rheos Capital Works Inc. increased its holdings in CrowdStrike by 78.3% during the 2nd quarter. Rheos Capital Works Inc. now owns 41,000 shares of the company’s stock worth $10,304,000 after purchasing an additional 18,000 shares in the last quarter. Brookstone Capital Management bought a new position in CrowdStrike during the 2nd quarter worth about $2,443,000. Bank of Montreal Can increased its holdings in CrowdStrike by 2,612.0% during the 2nd quarter. Bank of Montreal Can now owns 305,293 shares of the company’s stock worth $78,813,000 after purchasing an additional 294,036 shares in the last quarter. Crosslink Capital Inc. increased its holdings in CrowdStrike by 2.2% during the 1st quarter. Crosslink Capital Inc. now owns 123,237 shares of the company’s stock worth $22,492,000 after purchasing an additional 2,710 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in CrowdStrike by 33.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 163,245 shares of the company’s stock worth $41,017,000 after purchasing an additional 40,979 shares in the last quarter. 62.78% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the company. Truist increased their target price on CrowdStrike from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, July 1st. Summit Insights raised their price objective on CrowdStrike from $275.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, August 31st. JMP Securities raised their price objective on CrowdStrike from $250.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, September 1st. Needham & Company LLC restated a “buy” rating and issued a $340.00 price objective on shares of CrowdStrike in a report on Wednesday. Finally, KGI Securities initiated coverage on CrowdStrike in a report on Thursday, July 1st. They issued an “outperform” rating for the company. Four analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $290.33.
CRWD traded up $0.56 during trading on Thursday, hitting $271.00. The stock had a trading volume of 42,563 shares, compared to its average volume of 2,625,926. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.98 and a quick ratio of 1.98. The company has a 50 day moving average price of $256.72 and a 200-day moving average price of $236.27. CrowdStrike Holdings, Inc. has a one year low of $118.10 and a one year high of $289.24. The firm has a market cap of $61.84 billion, a price-to-earnings ratio of -325.83 and a beta of 1.33.
CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Monday, August 30th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. CrowdStrike had a negative return on equity of 13.86% and a negative net margin of 16.34%. The firm had revenue of $337.69 million for the quarter, compared to analyst estimates of $323.53 million. During the same period in the prior year, the firm posted $0.03 EPS. The company’s revenue for the quarter was up 69.7% on a year-over-year basis. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post -0.53 EPS for the current fiscal year.
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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