Prescott Group Capital Management L.L.C. purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,289 shares of the company’s stock, valued at approximately $2,245,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Coppell Advisory Solutions Corp. bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $25,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of CrowdStrike by 173.1% during the second quarter. Blue Bell Private Wealth Management LLC now owns 213 shares of the company’s stock worth $31,000 after purchasing an additional 135 shares during the period. WealthPLAN Partners LLC purchased a new stake in shares of CrowdStrike in the 1st quarter valued at $38,000. Northwest Capital Management Inc purchased a new stake in CrowdStrike in the second quarter valued at $46,000. Finally, KB Financial Partners LLC purchased a new position in shares of CrowdStrike during the 1st quarter valued at about $54,000. Hedge funds and other institutional investors own 63.53% of the company’s stock.
Analyst Upgrades and Downgrades
CRWD has been the subject of several recent research reports. Truist Financial lifted their target price on shares of CrowdStrike from $200.00 to $230.00 and gave the company a “buy” rating in a report on Monday, November 13th. The Goldman Sachs Group raised their target price on CrowdStrike from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, September 25th. JPMorgan Chase & Co. raised their price objective on CrowdStrike from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th. UBS Group lifted their price target on shares of CrowdStrike from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Finally, Scotiabank increased their price objective on shares of CrowdStrike from $174.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, September 22nd. Three equities research analysts have rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $194.08.
CrowdStrike Stock Performance
CRWD traded up $0.82 on Monday, reaching $207.91. The company had a trading volume of 848,854 shares, compared to its average volume of 4,000,801. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.40. CrowdStrike Holdings, Inc. has a 1 year low of $92.25 and a 1 year high of $210.09. The stock has a market capitalization of $49.65 billion, a PE ratio of -508.12, a P/E/G ratio of 17.92 and a beta of 0.93. The stock has a 50-day moving average price of $178.84 and a 200-day moving average price of $159.64.
CrowdStrike (NASDAQ:CRWD – Get Free Report) last released its quarterly earnings results on Wednesday, August 30th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. CrowdStrike had a negative return on equity of 4.05% and a negative net margin of 3.54%. The firm had revenue of $731.63 million for the quarter, compared to the consensus estimate of $725.44 million. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.32 EPS for the current fiscal year.
Insider Activity at CrowdStrike
In other CrowdStrike news, insider Shawn Henry sold 8,996 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $168.03, for a total transaction of $1,511,597.88. Following the completion of 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 document filed with the SEC, which can be accessed through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 56,921 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $162.95, for a total value of $9,275,276.95. Following the completion of the transaction, the chief executive officer now owns 1,100,089 shares in the company, valued at $179,259,502.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 8,996 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $168.03, for a total transaction of $1,511,597.88. Following the sale, the insider now directly owns 206,232 shares in the company, valued at approximately $34,653,162.96. The disclosure for this sale can be found here. Insiders sold a total of 151,083 shares of company stock worth $26,680,472 in the last 90 days. 5.68% of the stock is owned by insiders.
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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