Wafra Inc. Purchases Shares of 5,000 Crowdstrike Holdings Inc (NASDAQ:CRWD)

Wafra Inc. purchased a new stake in shares of Crowdstrike Holdings Inc (NASDAQ:CRWD) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 5,000 shares of the company’s stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRWD. Vanguard Group Inc. purchased a new position in Crowdstrike during the 2nd quarter valued at approximately $85,696,000. General Atlantic LLC purchased a new position in Crowdstrike during the 2nd quarter valued at approximately $44,389,000. JPMorgan Chase & Co. purchased a new position in Crowdstrike during the 2nd quarter valued at approximately $39,939,000. BlackRock Inc. purchased a new position in Crowdstrike during the 2nd quarter valued at approximately $38,293,000. Finally, Institutional Venture Management XIII LLC purchased a new position in Crowdstrike during the 2nd quarter valued at approximately $32,748,000. Institutional investors and hedge funds own 2.54% of the company’s stock.

Shares of Crowdstrike stock traded down $0.51 on Wednesday, reaching $70.53. The company had a trading volume of 909,279 shares, compared to its average volume of 3,007,039. Crowdstrike Holdings Inc has a 1 year low of $56.00 and a 1 year high of $101.88. The firm’s 50-day simple moving average is $85.41.

Crowdstrike (NASDAQ:CRWD) last issued its quarterly earnings results on Thursday, September 5th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.25. The business had revenue of $108.10 million for the quarter, compared to the consensus estimate of $103.79 million. Crowdstrike’s quarterly revenue was up 94.1% on a year-over-year basis. Equities analysts expect that Crowdstrike Holdings Inc will post -1.06 EPS for the current year.

Several equities analysts have weighed in on CRWD shares. CIBC started coverage on Crowdstrike in a report on Monday, July 8th. They set an “outperform” rating and a $90.00 price target for the company. Oppenheimer began coverage on Crowdstrike in a report on Monday, July 8th. They set an “outperform” rating and a $90.00 price target for the company. Mizuho began coverage on Crowdstrike in a report on Monday, July 8th. They issued a “buy” rating and a $80.00 target price for the company. Summit Insights began coverage on Crowdstrike in a report on Wednesday, August 28th. They issued a “hold” rating and a $75.00 target price for the company. Finally, Stifel Nicolaus lifted their target price on Crowdstrike from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $87.44.

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Institutional Ownership by Quarter for Crowdstrike (NASDAQ:CRWD)

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