Adviser Investments LLC bought a new position in shares of Crowdstrike Holdings Inc (NASDAQ:CRWD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,213 shares of the company’s stock, valued at approximately $759,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Prescott Group Capital Management L.L.C. boosted its holdings in Crowdstrike by 127.3% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 25,000 shares of the company’s stock valued at $1,247,000 after purchasing an additional 14,000 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Crowdstrike in the fourth quarter valued at approximately $174,000. Comerica Bank acquired a new position in Crowdstrike in the fourth quarter valued at approximately $337,000. Charles Schwab Investment Management Inc. boosted its holdings in Crowdstrike by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 83,573 shares of the company’s stock valued at $4,168,000 after purchasing an additional 2,295 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in Crowdstrike by 404.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 21,004 shares of the company’s stock valued at $1,047,000 after purchasing an additional 16,838 shares in the last quarter. 37.11% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the company. Credit Suisse Group increased their price objective on Crowdstrike from $60.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Royal Bank of Canada decreased their price objective on Crowdstrike from $83.00 to $67.00 and set a “sector perform” rating for the company in a report on Wednesday, December 4th. DA Davidson raised Crowdstrike from a “neutral” rating to a “buy” rating and increased their price objective for the company from $58.00 to $75.00 in a report on Tuesday, February 11th. Zacks Investment Research downgraded Crowdstrike from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Jefferies Financial Group decreased their price objective on Crowdstrike from $67.00 to $61.00 and set a “hold” rating for the company in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $79.09.
Shares of NASDAQ CRWD opened at $66.03 on Thursday. The stock has a fifty day moving average price of $59.90 and a 200 day moving average price of $62.73. Crowdstrike Holdings Inc has a 1-year low of $44.58 and a 1-year high of $101.88.
Crowdstrike (NASDAQ:CRWD) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.12. The company had revenue of $125.10 million for the quarter, compared to analyst estimates of $118.79 million. The firm’s revenue was up 88.4% compared to the same quarter last year. On average, sell-side analysts predict that Crowdstrike Holdings Inc will post -1.03 earnings per share for the current fiscal year.
In related news, CFO Burt W. Podbere sold 215,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $49.79, for a total transaction of $10,704,850.00. Following the completion of the sale, the chief financial officer now directly owns 215,000 shares of the company’s stock, valued at $10,704,850. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 2,344 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $53.50, for a total value of $125,404.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,251,745 shares of company stock valued at $430,850,775.
Read More: How do candlesticks reflect price movement?
Receive News & Ratings for Crowdstrike Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Crowdstrike and related companies with MarketBeat.com’s FREE daily email newsletter.