NWK Group Inc. bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,910 shares of the company’s stock, valued at approximately $2,337,000. CrowdStrike comprises about 1.4% of NWK Group Inc.’s holdings, making the stock its 27th biggest position.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Ameritas Investment Partners Inc. grew its stake in CrowdStrike by 1.4% during the first quarter. Ameritas Investment Partners Inc. now owns 4,562 shares of the company’s stock valued at $1,036,000 after acquiring an additional 65 shares in the last quarter. Arthur M. Cohen & Associates LLC grew its position in shares of CrowdStrike by 0.6% during the second quarter. Arthur M. Cohen & Associates LLC now owns 11,477 shares of the company’s stock valued at $1,685,000 after purchasing an additional 68 shares in the last quarter. Column Capital Advisors LLC increased its holdings in shares of CrowdStrike by 17.5% in the second quarter. Column Capital Advisors LLC now owns 496 shares of the company’s stock worth $73,000 after purchasing an additional 74 shares during the last quarter. Apexium Financial LP lifted its position in shares of CrowdStrike by 3.3% in the first quarter. Apexium Financial LP now owns 2,332 shares of the company’s stock worth $320,000 after buying an additional 75 shares in the last quarter. Finally, Equitable Trust Co. boosted its stake in CrowdStrike by 2.3% during the second quarter. Equitable Trust Co. now owns 3,481 shares of the company’s stock valued at $511,000 after buying an additional 77 shares during the last quarter. Institutional investors own 63.53% of the company’s stock.
Insider Buying and Selling at CrowdStrike
In other news, insider Shawn Henry sold 8,996 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $168.03, for a total value of $1,511,597.88. Following the completion of the transaction, the insider now directly owns 206,232 shares in the company, valued at $34,653,162.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Shawn Henry sold 8,996 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $168.03, for a total value of $1,511,597.88. Following the sale, the insider now directly owns 206,232 shares of the company’s stock, valued at approximately $34,653,162.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 926 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $167.98, for a total transaction of $155,549.48. Following the transaction, the chief accounting officer now directly owns 38,554 shares of the company’s stock, valued at approximately $6,476,300.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,083 shares of company stock worth $26,680,472. 5.68% of the stock is currently owned by insiders.
CrowdStrike Stock Performance
CrowdStrike (NASDAQ:CRWD – Get Free Report) last posted its quarterly earnings data on Wednesday, August 30th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.07. CrowdStrike had a negative net margin of 3.54% and a negative return on equity of 4.05%. The business had revenue of $731.63 million during the quarter, compared to the consensus estimate of $725.44 million. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.32 earnings per share for the current year.
Analysts Set New Price Targets
CRWD has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on CrowdStrike from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, September 25th. Stifel Nicolaus upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and increased their price objective for the company from $153.00 to $225.00 in a research report on Monday, November 13th. Argus began coverage on shares of CrowdStrike in a report on Thursday, October 19th. They issued a “buy” rating and a $220.00 target price on the stock. DA Davidson reaffirmed a “buy” rating and issued a $185.00 price target on shares of CrowdStrike in a report on Thursday, September 28th. Finally, Jefferies Financial Group raised CrowdStrike from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $170.00 to $225.00 in a research note on Thursday, October 19th. Three analysts have rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $194.08.
CrowdStrike Company Profile
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.
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