SRS Investment Management LLC Invests $6.15 Million in Crowdstrike Holdings Inc (NASDAQ:CRWD)

SRS Investment Management LLC bought a new stake in Crowdstrike Holdings Inc (NASDAQ:CRWD) during the second quarter, Holdings Channel.com reports. The fund bought 90,000 shares of the company’s stock, valued at approximately $6,146,000. Crowdstrike accounts for approximately 0.1% of SRS Investment Management LLC’s holdings, making the stock its 25th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRWD. Vanguard Group Inc. purchased a new stake in Crowdstrike in the second quarter valued at approximately $85,696,000. General Atlantic LLC purchased a new position in shares of Crowdstrike during the second quarter worth approximately $44,389,000. JPMorgan Chase & Co. purchased a new position in shares of Crowdstrike during the second quarter worth approximately $39,939,000. BlackRock Inc. purchased a new position in shares of Crowdstrike during the second quarter worth approximately $38,293,000. Finally, Institutional Venture Management XIII LLC purchased a new position in shares of Crowdstrike during the second quarter worth approximately $32,748,000. 2.54% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on the stock. Summit Insights assumed coverage on shares of Crowdstrike in a research note on Wednesday, August 28th. They set a “hold” rating and a $75.00 price target on the stock. Needham & Company LLC lifted their price target on shares of Crowdstrike from $80.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Mizuho assumed coverage on shares of Crowdstrike in a research note on Monday, July 8th. They set a “buy” rating and a $80.00 price target on the stock. Barclays lifted their price target on shares of Crowdstrike from $80.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Bank of America reissued a “buy” rating and set a $103.00 price target (up from $89.00) on shares of Crowdstrike in a research note on Tuesday, August 13th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $87.44.

Shares of Crowdstrike stock traded down $1.87 on Friday, hitting $67.06. The stock had a trading volume of 856,833 shares, compared to its average volume of 3,076,255. The firm has a 50-day moving average of $84.59. Crowdstrike Holdings Inc has a one year low of $56.00 and a one year high of $101.88.

Crowdstrike (NASDAQ:CRWD) last released its quarterly earnings results on Thursday, September 5th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.25. The company had revenue of $108.10 million during the quarter, compared to the consensus estimate of $103.79 million. The company’s quarterly revenue was up 94.1% compared to the same quarter last year. Analysts forecast that Crowdstrike Holdings Inc will post -1.06 earnings per share for the current year.

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Institutional Ownership by Quarter for Crowdstrike (NASDAQ:CRWD)

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