Executive Wealth Management LLC acquired a new position in shares of Crowdstrike Holdings Inc (NASDAQ:CRWD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 500 shares of the company’s stock, valued at approximately $34,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Artemis Investment Management LLP bought a new stake in shares of Crowdstrike during the 2nd quarter worth $2,725,000. Ion Asset Management Ltd. bought a new stake in shares of Crowdstrike during the 2nd quarter worth $4,097,000. FNY Investment Advisers LLC bought a new stake in shares of Crowdstrike during the 2nd quarter worth $302,000. Granite Point Capital Management L.P. bought a new stake in shares of Crowdstrike during the 2nd quarter worth $205,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Crowdstrike during the 2nd quarter worth $308,000. 0.29% of the stock is currently owned by hedge funds and other institutional investors.
In other Crowdstrike news, Director Sameer K. Gandhi acquired 650,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was bought at an average price of $34.00 per share, with a total value of $22,100,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Capitalg Lp acquired 140,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were acquired at an average cost of $34.00 per share, with a total value of $4,760,000.00. The disclosure for this purchase can be found here.
Crowdstrike (NASDAQ:CRWD) last announced its quarterly earnings results on Thursday, July 18th. The company reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.16). The firm had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $95.60 million. The company’s revenue was up 103.2% compared to the same quarter last year. On average, sell-side analysts predict that Crowdstrike Holdings Inc will post -1.07 EPS for the current year.
A number of brokerages recently issued reports on CRWD. Goldman Sachs Group began coverage on Crowdstrike in a research note on Monday, July 8th. They issued a “neutral” rating and a $66.00 price objective on the stock. Macquarie boosted their price objective on Crowdstrike from $75.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Bank of America restated a “buy” rating and issued a $103.00 price objective (up from $89.00) on shares of Crowdstrike in a research note on Tuesday. SunTrust Banks boosted their price objective on Crowdstrike to $80.00 and gave the company a “hold” rating in a research note on Friday, July 19th. Finally, JMP Securities began coverage on Crowdstrike in a research note on Monday, July 8th. They issued an “outperform” rating and a $80.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $86.12.
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