Mackenzie Financial Corp lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,508 shares of the company’s stock after selling 315 shares during the quarter. Mackenzie Financial Corp’s holdings in CrowdStrike were worth $3,288,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of CRWD. Sound Income Strategies LLC lifted its stake in shares of CrowdStrike by 42.9% during the second quarter. Sound Income Strategies LLC now owns 200 shares of the company’s stock valued at $34,000 after acquiring an additional 60 shares during the period. Nwam LLC lifted its stake in shares of CrowdStrike by 2.2% during the second quarter. Nwam LLC now owns 2,802 shares of the company’s stock valued at $523,000 after acquiring an additional 60 shares during the period. Clearstead Advisors LLC lifted its stake in shares of CrowdStrike by 23.9% during the first quarter. Clearstead Advisors LLC now owns 327 shares of the company’s stock valued at $74,000 after acquiring an additional 63 shares during the period. SeaCrest Wealth Management LLC lifted its stake in shares of CrowdStrike by 6.2% during the second quarter. SeaCrest Wealth Management LLC now owns 1,082 shares of the company’s stock valued at $182,000 after acquiring an additional 63 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of CrowdStrike by 1.4% during the first quarter. Ameritas Investment Partners Inc. now owns 4,562 shares of the company’s stock valued at $1,036,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 67.43% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Capital One Financial assumed coverage on CrowdStrike in a research note on Friday, September 30th. They set an “overweight” rating and a $235.00 price target on the stock. Canaccord Genuity Group increased their target price on CrowdStrike from $212.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, August 31st. MKM Partners assumed coverage on CrowdStrike in a research note on Thursday, September 15th. They issued a “buy” rating and a $240.00 target price on the stock. Evercore ISI assumed coverage on CrowdStrike in a report on Thursday, October 6th. They issued an “outperform” rating and a $250.00 price target for the company. Finally, Atlantic Securities assumed coverage on CrowdStrike in a report on Friday, September 2nd. They issued a “neutral” rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a hold rating and thirty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $238.00.
CrowdStrike Stock Performance
NASDAQ:CRWD opened at $138.99 on Monday. The stock has a market cap of $32.44 billion, a P/E ratio of -185.32 and a beta of 1.19. The stock has a 50 day simple moving average of $157.98 and a 200 day simple moving average of $168.92. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.60. CrowdStrike Holdings, Inc. has a 1-year low of $120.50 and a 1-year high of $269.66.
CrowdStrike (NASDAQ:CRWD – Get Rating) last released its quarterly earnings results on Tuesday, August 30th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The firm had revenue of $535.15 million for the quarter, compared to analyst estimates of $516.44 million. CrowdStrike had a negative return on equity of 12.96% and a negative net margin of 9.45%. The business’s revenue for the quarter was up 58.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.21) earnings per share. Research analysts anticipate that CrowdStrike Holdings, Inc. will post -0.76 earnings per share for the current year.
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.
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