BerganKDV Wealth Management LLC Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

BerganKDV Wealth Management LLC lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) by 99.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 203 shares of the company’s stock after acquiring an additional 101 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in CrowdStrike were worth $34,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of CrowdStrike by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 116,411 shares of the company’s stock worth $23,835,000 after purchasing an additional 1,540 shares during the last quarter. American International Group Inc. raised its position in shares of CrowdStrike by 4.0% during the 4th quarter. American International Group Inc. now owns 17,003 shares of the company’s stock worth $3,481,000 after purchasing an additional 650 shares during the last quarter. Schroder Investment Management Group raised its position in shares of CrowdStrike by 28.8% during the 4th quarter. Schroder Investment Management Group now owns 131,349 shares of the company’s stock worth $26,893,000 after purchasing an additional 29,340 shares during the last quarter. Siemens Fonds Invest GmbH raised its position in shares of CrowdStrike by 105.0% during the 4th quarter. Siemens Fonds Invest GmbH now owns 1,847 shares of the company’s stock worth $386,000 after purchasing an additional 946 shares during the last quarter. Finally, Mutual Advisors LLC raised its position in shares of CrowdStrike by 11.8% during the 4th quarter. Mutual Advisors LLC now owns 9,783 shares of the company’s stock worth $2,003,000 after purchasing an additional 1,030 shares during the last quarter. 67.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on CRWD. Royal Bank of Canada upped their price target on shares of CrowdStrike from $232.00 to $236.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 31st. Cowen reiterated a “buy” rating and issued a $220.00 price objective on shares of CrowdStrike in a report on Wednesday. DA Davidson cut their price objective on shares of CrowdStrike from $280.00 to $235.00 and set a “buy” rating for the company in a report on Friday, June 3rd. Guggenheim initiated coverage on shares of CrowdStrike in a report on Friday, August 12th. They issued a “buy” rating and a $270.00 price objective for the company. Finally, Canaccord Genuity Group increased their price objective on shares of CrowdStrike from $212.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, August 31st. One analyst has rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $241.71.

Insider Buying and Selling

In related news, Director Godfrey Sullivan sold 10,000 shares of CrowdStrike stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $175.01, for a total transaction of $1,750,100.00. Following the sale, the director now directly owns 170,000 shares in the company, valued at approximately $29,751,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Godfrey Sullivan sold 10,000 shares of CrowdStrike stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $175.01, for a total transaction of $1,750,100.00. Following the sale, the director now directly owns 170,000 shares in the company, valued at approximately $29,751,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 12,103 shares of CrowdStrike stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $200.52, for a total transaction of $2,426,893.56. Following the sale, the insider now owns 180,252 shares in the company, valued at $36,144,131.04. The disclosure for this sale can be found here. 6.82% of the stock is owned by company insiders.

CrowdStrike Price Performance

CrowdStrike stock opened at $161.28 on Friday. The stock has a market cap of $37.64 billion, a P/E ratio of -215.04 and a beta of 1.27. The company has a fifty day simple moving average of $185.18 and a 200-day simple moving average of $185.74. CrowdStrike Holdings, Inc. has a 12-month low of $130.00 and a 12-month high of $298.48. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.60.

CrowdStrike (NASDAQ:CRWDGet Rating) last released its quarterly earnings data on Tuesday, August 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. The business had revenue of $535.15 million during the quarter, compared to analysts’ expectations of $516.44 million. CrowdStrike had a negative net margin of 9.45% and a negative return on equity of 12.96%. The company’s revenue for the quarter was up 58.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.21) EPS. Equities analysts expect that CrowdStrike Holdings, Inc. will post -0.75 EPS for the current fiscal year.

CrowdStrike Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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