Allianz Asset Management GmbH purchased a new stake in Crowdstrike Holdings Inc (NASDAQ:CRWD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 325,160 shares of the company’s stock, valued at approximately $22,205,000. Allianz Asset Management GmbH owned approximately 0.17% of Crowdstrike as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Executive Wealth Management LLC purchased a new position in shares of Crowdstrike in the 2nd quarter valued at about $34,000. Granite Point Capital Management L.P. acquired a new stake in Crowdstrike in the 2nd quarter worth about $205,000. Envestnet Asset Management Inc. acquired a new stake in Crowdstrike in the 2nd quarter worth about $239,000. FNY Investment Advisers LLC acquired a new stake in Crowdstrike in the 2nd quarter worth about $302,000. Finally, Janus Henderson Group PLC acquired a new stake in Crowdstrike in the 2nd quarter worth about $308,000. Hedge funds and other institutional investors own 2.54% of the company’s stock.
Several research firms recently issued reports on CRWD. Goldman Sachs Group began coverage on Crowdstrike in a report on Monday, July 8th. They issued a “neutral” rating and a $66.00 price objective on the stock. Barclays lifted their price objective on Crowdstrike from $80.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Needham & Company LLC lifted their price objective on Crowdstrike from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, July 19th. CIBC began coverage on Crowdstrike in a report on Monday, July 8th. They issued an “outperform” rating and a $90.00 price objective on the stock. Finally, SunTrust Banks lifted their price objective on Crowdstrike to $80.00 and gave the stock a “hold” rating in a report on Friday, July 19th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Crowdstrike presently has an average rating of “Buy” and an average target price of $87.44.
Shares of Crowdstrike stock traded down $4.80 on Friday, hitting $64.86. 4,166,281 shares of the company were exchanged, compared to its average volume of 2,805,165. The stock’s 50-day moving average is $87.46. Crowdstrike Holdings Inc has a 1-year low of $56.00 and a 1-year high of $101.88.
Crowdstrike (NASDAQ:CRWD) last issued its earnings results on Thursday, September 5th. The company reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.25. The company had revenue of $108.10 million for the quarter, compared to analyst estimates of $103.79 million. The business’s quarterly revenue was up 94.1% on a year-over-year basis. As a group, research analysts forecast that Crowdstrike Holdings Inc will post -1.06 earnings per share for the current fiscal year.
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