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Assenagon Asset Management S.A. reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 28.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 25,255 shares of the company’s stock after selling 10,193 shares during the period. Assenagon Asset Management S.A.’s holdings in CrowdStrike were worth $5,735,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in CRWD. Westwood Management Corp IL purchased a new stake in CrowdStrike during the 4th quarter valued at approximately $1,024,000. Koshinski Asset Management Inc. grew its holdings in CrowdStrike by 239.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 783 shares of the company’s stock valued at $160,000 after buying an additional 552 shares in the last quarter. M&G Investment Management Ltd. purchased a new stake in CrowdStrike during the 4th quarter valued at approximately $1,401,000. Lindbrook Capital LLC grew its holdings in CrowdStrike by 61.5% during the 4th quarter. Lindbrook Capital LLC now owns 336 shares of the company’s stock valued at $69,000 after buying an additional 128 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in CrowdStrike by 0.6% during the 4th quarter. Royal London Asset Management Ltd. now owns 67,752 shares of the company’s stock valued at $13,874,000 after buying an additional 397 shares in the last quarter. 63.02% of the stock is owned by institutional investors and hedge funds.
In other CrowdStrike news, CFO Burt W. Podbere sold 10,000 shares of CrowdStrike stock in a transaction dated Tuesday, April 12th. The stock was sold at an average price of $235.09, for a total value of $2,350,900.00. Following the transaction, the chief financial officer now owns 321,215 shares in the company, valued at $75,514,434.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 20,839 shares of CrowdStrike stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $228.02, for a total value of $4,751,708.78. Following the completion of the transaction, the insider now owns 191,046 shares in the company, valued at approximately $43,562,308.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,518 shares of company stock worth $22,257,456. Insiders own 6.82% of the company’s stock.
Shares of CrowdStrike stock opened at $190.38 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.83 and a current ratio of 1.83. CrowdStrike Holdings, Inc. has a 12 month low of $130.00 and a 12 month high of $298.48. The stock’s fifty day moving average price is $166.36 and its 200-day moving average price is $185.11.
CrowdStrike (NASDAQ:CRWD – Get Rating) last announced its quarterly earnings results on Thursday, June 2nd. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.06. The firm had revenue of $487.83 million for the quarter, compared to analyst estimates of $464.35 million. CrowdStrike had a negative return on equity of 14.50% and a negative net margin of 11.08%. The business’s revenue for the quarter was up 61.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.14) earnings per share. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post -0.62 earnings per share for the current year.
CRWD has been the subject of a number of research reports. Robert W. Baird increased their target price on CrowdStrike from $225.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, April 8th. Barclays increased their target price on CrowdStrike from $182.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, June 3rd. Royal Bank of Canada lowered their target price on CrowdStrike from $275.00 to $225.00 in a research report on Tuesday, May 31st. Jefferies Financial Group increased their target price on CrowdStrike from $200.00 to $215.00 in a research report on Friday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on CrowdStrike from $270.00 to $225.00 in a research report on Friday, June 3rd. Twenty-seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $251.38.
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.
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Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating).
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