Capital Asset Advisory Services LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 658 shares of the company’s stock, valued at approximately $139,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Baillie Gifford & Co. acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $28,000. Lindbrook Capital LLC raised its holdings in shares of CrowdStrike by 107.7% in the fourth quarter. Lindbrook Capital LLC now owns 135 shares of the company’s stock worth $29,000 after buying an additional 70 shares during the last quarter. NewSquare Capital LLC raised its holdings in shares of CrowdStrike by 200.0% in the fourth quarter. NewSquare Capital LLC now owns 150 shares of the company’s stock worth $32,000 after buying an additional 100 shares during the last quarter. CENTRAL TRUST Co purchased a new position in shares of CrowdStrike in the fourth quarter worth $35,000. Finally, Laurel Wealth Advisors LLC raised its holdings in shares of CrowdStrike by 57.1% in the fourth quarter. Laurel Wealth Advisors LLC now owns 165 shares of the company’s stock worth $35,000 after buying an additional 60 shares during the last quarter. Institutional investors own 60.00% of the company’s stock.
A number of research firms have issued reports on CRWD. Truist raised their price target on shares of CrowdStrike from $200.00 to $250.00 in a report on Wednesday, January 27th. JPMorgan Chase & Co. cut shares of CrowdStrike from an “overweight” rating to a “neutral” rating and set a $175.00 price target for the company. in a report on Wednesday, December 9th. Bank of America reaffirmed a “buy” rating and issued a $250.00 price target on shares of CrowdStrike in a report on Wednesday, March 17th. Barclays raised their target price on shares of CrowdStrike from $193.00 to $221.00 and gave the stock an “overweight” rating in a report on Wednesday, January 6th. Finally, Royal Bank of Canada raised their target price on shares of CrowdStrike from $220.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, March 23rd. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $229.64.
CRWD opened at $193.93 on Thursday. CrowdStrike Holdings, Inc. has a fifty-two week low of $57.36 and a fifty-two week high of $251.28. The company has a fifty day moving average of $201.00 and a two-hundred day moving average of $181.92. The stock has a market capitalization of $43.42 billion, a price-to-earnings ratio of -404.01 and a beta of 1.32.
CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Monday, March 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.05. CrowdStrike had a negative net margin of 13.40% and a negative return on equity of 12.79%. The business had revenue of $264.90 million for the quarter, compared to analyst estimates of $250.56 million. During the same quarter last year, the business earned ($0.02) earnings per share. The company’s revenue for the quarter was up 74.2% compared to the same quarter last year. On average, analysts predict that CrowdStrike Holdings, Inc. will post -0.37 earnings per share for the current year.
CrowdStrike Holdings, Inc provides cloud-delivered solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. It offers 19 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.
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